1. Elaborate the statement "deliverable-oriented grouping of project elements that organizes and defines the total work scope of the project. Each descending level represents an increasingly detailed definition of the project work". Also list the various benefits and demonstrate your understanding by building a model.

1. Good cost planning requires a basic understanding of how organizations account for cost". Explain the characterization of cost components and the two approaches to estimating project costs.

1. What is Risk Planning? Describe Risk identification, Risk Probability& effect, and Risk Response strategy.

1. Explain in detail the Critical Path and its importance in project management. With the help of a diagram, demonstrate ways of speeding up the scheduled.

1. List and explain in detail what is contained in the Project Management Plan.