QUESTION $1(20$ Marks$)$ ClearPath Construction is preparing to start a new residential development project in a rapidly growing suburban area. As part of their risk analysis and planning process, the company identifies several potential risks, including delays in material supply, fluctuating labour costs, and the possibility of unfavourable weather conditions that could affect the construction timeline. The company aims to minimize these risks and ensure the project is completed on time and within budget. Advise ClearPath Construction on risk response planning and the potential risk responses and how they can be used to address the risks identified. $$QUESTION $2(20$ Marks$)$ BrightFuture Technologies is launching a new software development project aimed at creating a data analytics tool. The project will go through several phases in its life cycle, from initiation to completion. Describe these phases of the project. $$ QUESTION $3(20$ Marks$)$ GreenTech Innovations decided to invest in launching a new solar energy product line. Calculate the NPV for the project using the information provided. Use your calculations to advise GreenTech Innovations on whether to proceed with the project. Investment required R$75000$ Expected economic lifetime $6$ years Minimum required rate of return $12\%$ Net annual cash inflows $1$st year R$200002$nd year R$250003$rd year R$240004$th year R$260005$th year R$250006$th year R$27000$