List and explain the four (4) stages of Project Life Cycle, and discuss the importance of each
of them.
What is the scope of a project and why it is essential, and
How would you have defined the scope in Task 2; case study (AMEC Marine Construction) (Total 2×3=6 marks).
Q3. Using the tables below, (Project 1, 2, 3) plot out an AON project network for all three projects
and show:
Identification of critical path
Project duration (Total 2X3=6 marks)
Q4. Define the following cost appraisal methods and describe the benefits of each method
are?
NPV,
Payback and
IRR. (Total 3X2=6 marks)
Q5. Describe what is:
Risk and Risk management and
What are the five stages of the Risk Management process?(Total 2×3=6 marks).