Based on the bottom information:

• Construct a monitoring and control plan for at least three elements of your project. These elements could be milestones, work packages, or tasks. Remember that project control is easier if risks and problems are identified and addressed early.
• Establish criteria that will be used as indicators of project status, and establish standards against which these criteria will be evaluated. Be sure to include some indicators which relate to budget, schedule, and scope, and indicators which relate to quality. Make sure to consider project risks when establishing your criteria.
• Identify data collection and reporting procedures. You dont need to include detail; a few sentences giving an overview will be fine.
• Identify options for controls that might be appropriate if the indicators show the project is behind schedule or over budget, and options for controls if the quality is insufficient.
• Identify how you will document and report on monitoring and controls.

Internal and External Environments that might Impact the Project

The internal impact of this project is meant to ensure that the beneficiaries (tenants) are supported in the best way possible so they can reduce the financial burden resulting from the delivery of personalized utility billing systems. By addressing the issues that cause the building owner to incur many costs that are eventually passed on to the tenants, the project will ensure that the internal environment issues are sorted out to enhance the comfort of tenants residing in the building. On the other hand, the project equally looks to address issues surrounding the external environment, especially on matters concerning the disposal of waste material. By addressing the waste disposal problems experienced by tenants, the project will settle the challenges exhibited in the external environment. For example, the project seeks to ensure that personalized utility billing systems extend to garbage collection by ensuring that every tenant has a bin in which they can dispose of their waste and pay for the same service independently. Therefore, the project seeks to attain environmental sustainability from the external environment perspective.

Six Assumptions from the Preliminary Project Description

• All data collected shall be stored in digital formats.
• All interview participants must issue consent first before being brought on board.
• Employee payments are not subject to any change unless new dynamics emerge during the project implementation.
• The only budget available is what the building owner provided.
• Supplies can only be obtained from one supplier, who will be agreed upon by the project team.
• Liaising with the local authority is mandatory.

Six Risks

• Workers quitting (Internal)-It can result in unnecessary delays in project completion. Its likelihood of occurrence is low.
• Depletion of funds (External)-This can significantly affect the scope and schedule of the project. Its likelihood of occurrence is high.
• Political interference (External)-This can lead to the local authorities failing to cooperate, undermining the entire project. Its likelihood of occurrence is low.
• Delayed schedule due to late delivery of supplies (External)-Can result in considerable delays in project completion. It is relatively (medium) likely to occur.
• Loss of collected data (Internal)-Can significantly damage the projects progress, thereby undermining the entire project. The likelihood of it occurring is medium.
• Failing to secure interviews (Internal)-This will result in the project collapsing. Low probability that it will happen.

Assumptions used to estimate Impact and Likelihood

• Project funding is the primary enabler of the project in question.
• The cost of every risk is directly proportional to the prevailing economic times.
• The likelihood of occurrence depends on the significance of the activity to the project.

Risk Ranking and Prioritization

		Cost/Impact
		1 Low	2 Medium	3 High
	5 High		10 Workers quitting	15 Depletion of funds
	4 Medium		8 Loss of collected data	12 Delayed schedule due to late delivery of supplies
Likelihood	3 Low		6 Failing to secure interviews	9 Political interference