QUESTIONS: Question 1. a) Compare and contrast the project evaluation and review technique (PERT) with the critical path method (CPM). (10 Marks). b) You are the Project Manager of a company that has just won a bid of $5.4 million to construct a new plant for the Ministry of Trade and Industries. The Ministry needs the plant to go into operation within a year. Therefore, the contract includes the following provisions A penalty of $300,000 if your company has not completed the construction by the deadline 47 weeks from now. To provide additional incentive for speedy construction, a bonus of $150,000 will be paid to your Company if the plant is completed within 40 weeks Working with your project team, you have created a list of the various activities below, with the third column providing important additional information for coordinating the scheduling of your team For any given activity, its immediate predecessors (as given in the third column) are those activities that must be completed by no later than the starting time of the given activity. (Similarly, the given activity is called an immediate successor of each of its immediate predecessors.) Estimate A Dewi Lay the Mehe M Dew Puth Rome Drother Based on the above preamble and table, please answer the following questions: a. Demonstrate using a graphical presentation the flow of the activities such that it could be better visualized (4 Marks). b. Determine the total time required to complete the project if no delays occur? (2 Marks). c. Assess using appropriate examples when the individual activities need to start and finish at the latest) to meet this project completion time? (2 Marks). d. Determine when the individual activities could start and finish (at the earliest) if no delays occur? (2 Marks). e. Determine the critical bottleneck activities (Critical Path) where any delays must be avoided to prevent delaying project completion? (1 Mark). f. Per the contractual agreement, do you think the project manager and team will pay any penalty? Justify your response. (2 marks). g. Per the contractual agreement, do you think the project manager and team will receive the additional incentive of $150,000 bonus? Justify your response. (2 marks). Question 2: You have been appointed as the Project Manager (of a named project of your choice), to develop the project management plan. As part of your contractual agreement, you were tasked to undertake a part of the project by the end of October, 2021. Using a Project Management software of your choice deliver the following: A. Develop a Statement of Work (SOW). (5 marks). B. Construct a Work Breakdown Structure (WBS). (5 marks). C. Suggest and justify the use of electronic and computer- based tools that could aid in delivering the activities in the WBS. (5 marks). D. Develop a Responsibility Assignment Matrix (RAM). (5 marks). E. Develop a Project Stakeholder Management Plan. (5 marks). Question 3: A. GCTU is considering two (2) projects to increase students' enrollment. These projects are: 1. Offering traditional classes from midnight to 6 a.m. 2. Offering house call classes where the Lecturers would visit students' homes to provide lectures. With the aid of a simple scoring model use the available information below in the table to determine the following: i. Weighted score for each criteria (2 marks). ii. Total score for each project (1 mark). iii. Indicate which project should be chosen with a justification (2 marks). Weigh Project Ceria Midnight Classes Time Market Postal Prestige Coverage Time Here Calls Market Covine Prestige Love B. The Ultimate Choice Limited (UCL) is contemplating two different projects and decides to perform a financial analysis to determine which is more financially lucrative. Project A and B have the cash flows as shown and UCL uses a required rate of return of 10% Compute the internal rate of return for both projects to determine which is worth of funding. (10 marks). Year o 100.000 400.000 1 420,000.00 2