Question 1 (30 marks)

(a) A project is usually a one-time activity with a well-defined purpose. What is the justification of setting up a project management information system for such a project? (6 marks)

(b) Using an example to illustrate the importance of risk management in project management. (6 marks)

(c) What are the differences between critical ratio and cost-time performance index? (6 marks)

(d) What percentage of the total project effort that should be devoted to project monitoring? Use an example to explain the reason. (6 marks)

(e) What are the four typical phases of project management? Which phase is the most important for the success of a project? Use an example to demonstrate your viewpoint. (6 marks)

Rubrics and Marking: Totally 30 marks, and 6 marks for each sub-questions. Marks will be given by considering the relevance of the answer, and/or the ability to provide convincing example(s) and justification(s).