Business Scenario 1: You are the project manager of a new corporate initiative that is focused on revising and re-classifying the staffing positions in its Design Division. The project plan has been developed and everything is progressing smoothly now that you have overcome the unwillingness of the staff to provide insight on their roles and responsibilities. The past five project team review meetings have shown that you are on schedule and 5% under budget. Now, you are preparing the project status report for your upcoming meeting with the Project Sponsor. Being halfway through the project, you are positive and excited at your project stats despite the rocky start. Unfortunately, the meeting with the Project Sponsor did not go as planned. You are informed by the Sponsor that the deadline for the project needs to be moved up by 30 days and the budget will remain the same. The Sponsor has asked you to submit a plan of action on how you would accomplish this new deadline. What should you do? Business Scenario 2: The ABC Fencing Line of Business has been progressing for the past two years and it is now ending. The new LOB is finally ready for its 'Go live' date and become a new service option for the company. In the last week of work on the project schedule, only 10 of the 50 project team members involved in the life of the project are needed to complete the remaining tasks that will take it live. You have already been assigned your next project, which starts in 4 weeks. Because of the tight transition time, you are pressed for time to formally close the project on time, hand it over to the customer, and prepare to start your new assignment. What is the best course of action?Problem 1: The following table indicates the yearly revenues of a 5 year project. The cost of capital is 10% and the initial investment is $10,000. What is the Net Present Value of your project? Years Revenue Present Value 0 0 -10,000 1000 2000 2000 5000 2000 Problem 2: The present value of your project revenues is calculated to be $80,691. The present value of the project costs is calculated to be $51,265 What is the benefit to cost ratio