QUESTIONS: Question 1. Compare and contrast the project evaluation and review technique (PERT) with the critical pathethod (CPM (10 Marks) * You are the Project Manager of a Company that has just won a bid of 5 4 million to constructa es 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 proces A penality of $300,000 if your company has not completed the construction by the deadline 47 weeks from now To provide additional incentive for speed construction, a bonus of $150,000 will be paid to your Company if the plant is completed within 40 wecks Working with your project team, you have created a list of the various activities below, with the third colom providing important additional formation for coordinating the scheduling of your cam For any given activity, its immediate predecessoas prven in the third column) are those cities that mest be completed by no later than the starting time of the given activity. Similarly, the given activity is called an immediate successor of cachof is dit predecessors) Based on the above preamble and the please the following questions Demonstrate using a graphical presentation the Bow of the activities such that it could be better lied (4 Marks) Determine the total time required to complete the project if no delays occurMarks Assess using appropriate examples when the individual activities need to start and finish at the latest to meet this project completion time (Marks. Determine when the individual acts could start and finish at the curlist) if ne delays Marks) Determine the critical bottleneck sctvo (Critical Path) where any delays must be wided to prevent delaying project completion (Mark Per the contractual agreement, do you think the project manager and team will pay any penalty Justify your response. (2 marks) Per the contractual agreement, do you think the project manager and team will receive the deal incentive of $150,000 bonus Justify your response (2 marks