Many agree that the greatest threat to a project is failure to handle risk, poor communication among team members and also poor procurement management that leads to bias in selecting a project vendor, suppliers, contractors or sellers. (a) Based on Table 1.0 of risk event, answer the following questions. Table 1.0. Risk Event, its probability and impact. Risk Risk Event Probability Impact Number R1 Poor time estimation 0.8 0.9 R2 Poor cost estimation 0.8 0.6 R3 Absence of leadership 0.9 0.9 R4 Poor definition 0.7 0.3 R5 Inadequate planning 0.2 0.5 i) Calculate the percentage (%) of exposure for the top-three risk. (2 marks) ii) Identify the top-three risk. (3 marks) (b) From the answer you get in (a), use the Probability/Impact Matrixes to tabulate the calculated risk factors for all FIVE (5) risks. (5 marks) (c) From the answer you get in (b), discuss FIVE (5) strategies that the Project Manager can do to tackle the identified risk.(d) Failure to communicate is one of the greatest threats in a project. Suggest FIVE (5) methods to communicate with the stakeholders from the given communication management plan Table 2.0 below. Table 2.0. Communication Management Plan Stakeholder Message Frequency Person in charge Sponsor Status report Monthly Project manager Customer Project plan At the beginning of Project manager project End-user The project At the end of project Assigned trainer result Team Project issues As needed Project coordinator Team Project progress Weekly Project manager (5 marks)(e) Weighting system is used to minimize the influence of personal bias on the source of selection. Based on Table 3.0. procurement scoresheet: Calculate the total score for the proposal. (3 marks) ii) Identify which proposal to be considered by Excell SoftwareHouse to support the development? Justify your answer. (2 marks) Table 3.0. Procurement Scoresheet Criteria Proposal Weight (* Rating from 1-5) A B C Technical Criteria Level of security on networks 4 3 2 40 Amount of storage 3 4 5 Management Criteria CMM level 4 4 30 Staff certified of PMs 3 3 2 Knowledge of Business Experience in similar projects 4 4 30 Number of years in the 4 4 4 business