For the following work,

I need EVM analysis of budget for this as follows, and risks should be more detailed. Whats a law risk for example?

and

. The stakeholder management plan lists the stakeholders, BY NAME, their role and any notes about the stakeholders that is important for the project.

The communication plan lists the communication, the mode, the frequency, etc....

				March	April	May
	How much work will be done	Planned Value	PV	4000	3500	2500
	How much work was done	Earned Value	EV	3950	3450	2450
	How much was spent on worked done	Actual Cost	AC	4000	3500	2500

This is a robotic engineering project that intends to come up with a robocar that is operated with computerized systems and can perform various instructions. The engineering project is creative-based.

Explanation:

computer system	key item for the control. remote included	$ 2000
wheels	basic for moving	$2000
electronic items	relies various system communication	$ 3000
metallic materials	the outer protect material	$ 2000
other materials		$ 1000

Cost management

This will include

producing the real estimate with the team which is $10,000 which is the budget for the baseline

The budget shall be controlled step by step with respect to relevant steps. Each allocated amount shall be meant to purchase the named materials in the specific category

The actual cost will be recorded thereafter the metrics

AN update on forecast and communication on the output. That is if the objectives have been met with the allocated amount

contingency plan shall include setting aside some amount i.e. ($4000) again for the purchase of materials for improvement or correction is given that the robocar does not work as expected. The system can be updated automatically to detect the cause of a problem in case the car fails.

2. Risk management

risk	response	reason
Law risks	accept	there are acts to guard the law of which its inevitable to escape
technology and software risks	mitigate	this can be handled through the project review and correction can be made
traffic and failure risks	avoid and also mitigate	these will be as per the rules

3.risk mitigation plan

risk	mitigation plan	contingency plan
charges	minimizing	making sure that the law of traffic and automation is being followed
risk of computerization	minimizing	close monitoring the computer system
accident risks	avoidance	avoiding busy and crowded roads
loss of jobs in case it works	compensatory	Urging that this is all about engineering test