Question: Question 2 a) Define the risk management model using example of your choice. (3 marks) b) Discuss the nature/ feature of project team and interpret

Question 2 a) Define the risk management model

Question 2 a) Define the risk management model using example of your choice. (3 marks) b) Discuss the nature/ feature of project team and interpret the importance of it. Elaborate to fullfill attainment of, 1). good team, and 2). benefit of team work. (3 marks) c) A construction company engaged a project. Use the following Table 2c information to, Table 2c: Work breakdown of project. Predecessors Time (week) No of workers 2 3 2 3 5 1 2 3 4 4 4 4 2 4 2 4 Act No Description 1 Setup & Land Clearing Excavation & Footing Works 3 Foundation Works Column Works 5 Beam Works 6 Roof Works 7 Electrical Works Water Piping Works Sewerage Works 10 Painting & Final Installation Works 11 Commissioning 5 2 1 1 2 8 1 9 2,3,4 2,3 1,2 6,7,8,9 10 1 2 2 4 2 2 1 1). Construct project network, 2). Determine critical path and project duration, 3). Determine activity with the highest float day, and 4). if the number of workers is limited to 5 per day, do the resource smoothing accordingly. (10 marks) d) Explain THREE (3) essential elements of responsibility as project manager. (3 marks) e) Discuss purpose of project progress meeting and the information contain in such record. (3 marks) f) State the reasoning for creating Work Breakdown Structure (WBS). Sketch (use example of your choice) to illustrate the Cost Breakdown Structure with clear labeling. (3 marks) (Total: 25 marks)

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