Read the extract below and answer the questions that follow. Case: Project Scope Management at ABC Bank's IT Projects ABC Bank is the pioneer private commercial bank in Ethiopia alter the downfall of the military regime and the introduction of the market economic policy in 1991. It was established by 499 founder shareholders with a paid-up capital of Birr 24.2 million. Licensed on November 19. 1994. it started banking operations on February 13. 1995. The number of shareholders and paid-up capital increased continuously and currently reached over 3.?99 and Birr 2.9 billion. respectively. Likewise. as of end June 2919. its total assets reached Birr 55.3 billion with over 399 branches found across the country. It is the rst private bank in Ethiopia to exceed a billion-profit mark in the history of Ethiopian private banks in the nancial year 2919. Annual Report. 291 THE. The bank has a vision to be one of the top ten private banks in East Africa by 2925. ABC Bank implemented and continues to implement many IT projects to carry out its operations effectively and to achieve its vision. The following are key projects implemented: ' Core banking system ' Hardware and Network intrasthcture ' Channel Service applications like ATM. M-Wallet and Internet Banking * Document management system ' Anti-Mon ey Laundering solution ' Material Management System * Human Resource Management System ' Trade Finance System * CRlvthC ' ESE Some projects are developed locally but external vendors implement most of the projects. A separate project management office handles all the implemented and ongoing IT projects. Previously. only one project manager was assigned for all projects but currently there are three project managers assigned to ABC's IT projects. The project team is composed of functional and technical staff. Some of them are assigned exclusively to the project and some accomplish the project work together with their existing operations vvork