Project management problem

Table 6i below provides information on the activities necessary to complete a project. Table 6i: Project Information Activity Predecessor Duration (weeks) 4 B, C G. D, E a) Draw the Activity on Node (AoN) diagram for the project, determine the paths through the project and their minimum durations, and identify the critical path. (20%) b) Using a (i.e. for "low", "medium" and "high" respectively), the total project risk criteria are set at 25 for insignificant risk and 70 for intolerable risk. The risk manager has assessed the risk for this project and has identified four potentially hazardous factors as listed in Table 6ii. Using a "1-3-9" scale calculate the risk index for this project, clearly illustrating your approach, and recommend whether or not this project should go ahead. "1-3-9" scale to assess the likelihood and impact of hazardous factors (25%) Table 6ii: The hazardous factors Factor Likelihood Impact Low Low Medium Low Low Medium 4 High Medium c) Given an activity in a project whose planned cost was 9,000 but actual cost on due date is 5,750 and the value completed is only 60 per cent, calculate and comment on the cost and schedule performance. (40%) d) List (no need to discuss) the elements of the project's Risk Management Process (RMP) that would be suitable for high risk versus low risk projects. (15%) ABCDE FCH