QUESTION NO:2 Project management is the application of methodologies, tools and processes to successfully plan and execute projects. Project management intelligently makes use of teams and resources to complete project activities within the boundaries of time, cost and scope. The project objective is defined by the client or stakeholder, and a project manager uses the methodologies of project management to create a plan that defines the resource allocation, tasks, milestones and deliverables necessary to meet the stakeholders' requirements. The plan must adjust to the triple constraint, or project management triangle, which refers to the time, cost and scope limitations that apply to every project. This concept is a cornerstone of project management, and therefore managers must pay special attention to the schedule, budget, and work breakdown structure during the planning phase. Based on what we discussed in the class you are required to answer the following: 1. Give four situation in which project management is needed. 2. What are the three phases involved in the management of a large project? 3. What is the use of Gantt chart in project managementGive an example 4. Would a project manager ever consider crashing a non-critical activity in a project network. Evaluate 5. How can we determine the probability that a project will be completed by a certain date? What assumptions are made in this computation