(33) Your project is in the f nal test stage, the user acceptance test. It meets all the prod uct specs and is under planned costs. In term of schedule, this project is ahead. Your cu stomer met you and requested that he will not accept the product unless you make sev eral changes. What you should do is: A Get the list of the changes and estimate all of them. If the total cost is still within the baseline, you will do it B. Estimate the costs and send this to your customer requesting contract modificati on C. Ask the customer to file a change request D. Sit with the customer to review the product specs and tell him/her that you have completed the project. (34) Rahim, a project manager on a Distribution and Logistic Project is devising a cost e stimate for a contingency plan. He will resort to integration of the following except for:

The agreed-upon cost for the base doll and fabric is $3 for each of the 5,000 dolls. Target profit is 10% of the total target cost. Any cost savings will be shared equally between you and the supplier. Assuming the supplier delivered all materials on time and in good quality at a final project cost of $12,000. How much do you pay the supplier?

Page 3 of 5You have recently gained your APM Risk qualification and have been asked to join the University’s project team on a consultancy basis to help implement a robust riskmanagement process on the project.Section A Questionsa) List 5 Stakeholders in the projectb) State the main objectives and success criteria for the project.c) Prepare a draft risk management plan, completing all relevant sections with information obtained from the case study. Marks will be awarded according to the following scheme:i.Introductionii.Project Description iii.Purpose and Scope of Risk Managementiv.Risk Management Organisation v.Risk Management Process vi.Key deliverables d) State 5 risks that may occur on this project. Ensure that risks are stated using the formatcause – risk event – effect. e) For 2 (two) of the stated risks State who (in your opinion) the potential owner would be Explain (again in your opinion) what could be done to respond to the risk  State (in your opinion) what would be the…

1.What is the point at which an owner can begin to occupy a building or use it for its intended purpose?   At the end of the warranty period   After final completion   When the payment bond is terminated   After substantial completion       2.What is used to determine periodic payment amounts on unit price contracts?   Submitted invoices, receipts, and timesheets plus the contractor's fee.   A fixed, monthly installment negotiated at the start of the project.   Schedule of Values and percentage completion on each pay item   Unit prices originally bid and quantities measured.