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Question 2 (Marks: 30) Answer all questions that follow. Q.2.1 Good Project management software provides features helpful in successfully (5) managing the project. State five features offered by a good project management software. Q.2.2 Read the scenario below and answer the questions that follow. A local bank is busy with a website redesign project which has been running for a year now. The purpose of this project is to launch the new website using XML-based technology providing online customers with access to real-time account balance information and other banking facilities. The baseline budget for the project was set at R2 million and estimated completion was 15months after project commencement. Q.2.2.1 Discuss three approaches for identifying risks on a project stating two (12) advantages for each approach using examples. The independent institute of Education (Pty] Lod 2022 Page 6 of 8 21; 22; 23 2022 Q.2.2.2 Identify three technical risks possibly associated with this project. (3) Q.2.2.3 In your own words, discuss what a baseline budget is and its relevance (4) using the scenario. Q.2.2.4 Below is a table showing the total budgeted cost (TBC) vs total actual (6) costs (TAC) in thousands over the 12 months period so far. Month 2 3 4 5 6 10 11 12 TBC 100 150 50 60 100 125 105 100 120 115 110 100 TAC 100 160 45 55 90 125 105 100 121 112 110 100 Using the table above, determine whether there is a cumulative cost overrun or underrun by the following months: i. Month 2 Il. Month 6 NOTE: In each case; state whether it's overrun/underrun and show the variance amount