Read the case study in the picture below, please provide two or three possible options and explain their implications in Part B.

ABC limited is a multinational event management company. Its head office located in Sydney, Australia. Over the time, it has been organising events in different large ci world including Dubai, Toronto, London and New York. Project A is to host an education fair for the next three years (2021, 2022 and 2023) in Dubai which is the largest and most populous city in the United Arab Emirates (UAE). To grant the rights to host this event ABC limited will exclusively need to pay 2.75 million AED to the local licensing body as a cost of entry. Once receiving the exclusive right, ABC limited will sell stands to exhibitors. According to ABC historical data, the number of exhibitors positively correlated with the number of visitors. However, company management requires an analysis of the opportunity whether entering to a binding agreement of hosting education fair is a right decision or not? (considering the cost of capital is 12% and the profit margin is 22% which is also net cash inflow indicator for ABC Limited). Table 1: ABC historical data for visitors and exhibitors Dubai) fears Visitors Exhibitors 019 32,300 420 012 29,006 360 Table 2: Estimated percentage of exhibitors/stands for different types of organisations (Dubai) Przanisation Type Stand type Number of stands Price AED School / primary education B 25%% of total forecasted exhibitors 8,000 Other career education 15% of total forecasted exhibitors 5,000 Project B is to grant the right of hosting career exhibition for two years at the Sydney Convention and Exhibition Centre. The company is required to invest 5 million AUD to gain the right to host the event. Followings are the estimates regarding he number of visitors for the next 2 years: p(will increase) = 0.45 + [Average of last two digits of each group member's SID]/1,000 p(will decrease) = 0.25 + [Sum of last digit of each group member's SID]/300 p(will remain same) = 1 - p(will increase) - p(will decrease) Example of how to calculate above p values f a group consists of three students, whose SIDs are 10234935, 680352497 and 711504466 then p(will increase) = 0.45 + [Average of (35, 97, 66)]/1000 = 0.45 + 66/1000 = 0.516 p(will decrease) = 0.25 + Sum of (5, 7, 6)/300 = 0.25 + 12/300 = 0.310 p(will remain same) = 1 - 0.516 - 0.310 = 0.174 Table 3: Table 1: ABC historical data for visitors and exhibitors (Sydney) Years Visitors Exhibitors 2019 21,700 470 DIS 18,200 410 DI6 19,050 430 Table 4: Estimated percentage of exhibitors/stands for different types of organisations (Sydney) Organisation Type Stand type Number of stands Price AUD Medium sized businesses Standard Plus 40% of total forecasted exhibitors 30,00 The cost of capital for ABC limited is the same for Australia (as like UAE) but profit margin is expected to be 25%. Part A Now the project office asks you to analyse these two projects and provide your recommendation. You know that the board members prefer low risks. However, the CEO cares more about profit. Use different methods you have learned to provide a comprehensive analysis and recommendation. You should assume that during the project there will not be any CapEx (please Google to know its meaning) for the company (initial investment will cover those costs and for simplicity purposes, profit margin will be accepted as a measure for cash inflows). (9 points) Please use the link below for the currency conversion (also make an appropriate reference for this link) https://www.xe.com/currencyconverter/ Part B Table 5: Activity information (common for both projects since both projects are of similar type). For each activity, some of the sub-activities can be accomplished in parallel. The details of those parallel sub activities would not be required for this group assignment. Predecessor(s) information have been provided only for main activities and group can make relevant assumptions to solve the case. ask Name Duration Define objectives 1.3. Define message 1.4. Choose trade show 1-5. Choose stand size and location 1.6. Send application form 1.7. Write description for conference guide 1.8. Setup budget 1.9. Setup schedule 1.10. Draw up list of participants mmunication . Send mailing to customers & prospects 3 Write outand web site 3. Write press release 2.4. Schedule micerings whin customers & prospects TSHIRTLIKES & prosper edule meetings with press attendance 2. Ofler furnitur epure displays . Prepare materials is any 4.5. Product demos 4.6. Media kits Prepare events Hospitality suite announcements & presentat ngs with major customers & prospects 6 days 15 days 7 days 7.3. Organize catering 7.4. Ship materials 15. amp booth equipn 7 days 8. Exhibition Day :+1, -1)day 4,5 and 7 9. Post-morte 20 days S.1. Collect staffsites 9.2. Sales figures 2 3. Number of show atle 9.4. Number of new le 9.5. Sum up costs Five days before the Exhibition day, the team have noticed that they fully completed the activities 1, 2, 3 and 6; however, they completed only 20%, 30% and 40% of activities 4, 5 and 7, respectively. They did not start act not start activities 8 and 9. On the other side, the team spent 80% of the total budget. The project er is worried about this outcome. Plea knowledge that you learned to analysis ongoing progress to make a forecast to the future duration and cost of the project and prepare a recommendation accordingly (regarding the allocation of additional cost and time for the remaining activities) so that the team will be ab 8 as per the planned da is to open the exhibition which had been announced earlier). Please assume that the recruitment of more manpower could reduce the duration of the activities 4, 5 and 7 in a reasonable way (as evident in the project management literature and/or practical project examples). (5 marks) After reading your analysis and forecast report, the manager is expecting some suggestions so that the entire project will be completed on time or even earlier. You need to provide at least two possible options and explain their implications (e.g., in terms of ho likely they can be achieved). You can make assumptions (in a realistic way) the interdependencies among the sub-activities of activity 9 as needed