4a A badly written Scope of Work (SOW) exposes a project to risk during the contracting and procurement process and is a surefire recipe for disaster. Critically analyze these statements in the light of Fixed Price (FP) Contract

4b. Project Risk, Stakeholder Influence, and the Cost to manage the risk events are both a

function of time based on the project life cycle using a diagram/graph appraise the

Statement. And prove that it is better to identify risk at the beginning of project than

later in the life cycle of a project