Please provide answers for the below 4 topics completely:

1. A brief overview of the project and project context including priorities. Enhance by discussing the type of project (operational/tactical/strategic), baseline/budget and/or risk reserve. Criteria for the answer: Provide enhanced context, such as industry, company, type of project or strategic alignment, thresholds and is accurate/relevant.
2. Purpose and benefits of a risk register. Identify the risk threat and review the risk statement. Enhance by reviewing the associated risk costs and any other relevant information. Criteria for the answer: Risk register benefits are discussed rather than listed and include insights into what may happen if the register not use, the risk threat reviewed and aligns to the risk statement structure. Clear demonstration of enhancing the context and value of the risk register and discussion of the cost table.
3. Demonstrate how the impact table was used to determine the risk impact. Enhance by discussing how the impact table can be tailored to reflect the project context and/or priorities. Criteria for the answer: Risk example is more complex and may aligns to 2 impact rating (cost/dur), covers the mechanics of the table and introduces how to select between 2 ratings, integrates context / risk profiles etc.
4. Demonstrate how the heat map was used to determine the risk priority. Criteria for the answer: Demonstration of how to use the heat map and reference to how it can be tailored.

The above topics are just to explain the work that has already been done below. Complete details are below including the project information, impact table, cost table, risk register and heat map. Please provide a complete answer answering the required information in all 4 topics and meeting the criteria given.

Project Information:

Case: Big Island Hotel The management team at Big Island Hotel in Hawaii is responsible for transitioning from a hotel model to an all-inclusive concept. The Board of Directors wants to shift from marketing the resort as a hotel-only destination to an all-inclusive, which is rare in Hawaii. These concepts are far more popular in destinations such as Mexico, Dominican Republic or Jamaica. The Hotel President has accepted your project. The company is intentionally focusing on more formal risk management planning. Each project must plan and manage risk carefully, clearly documenting using a risk register. To assist with risk context, excerpts from the risk management plan are listed. Use the general costs, impact table, heat map and RBS. As the Project Manager, you may need to fill in some gaps using expert judgment.

General resort information:

The resort was built in 1950 and underwent a renovation from 1996 to 1998 in preparation for millennium celebrations

20-minute drive from the airport

Average occupancy is 50% and has been declining by 10% year over year for 3 years

There are 500 rooms in 1 building

There is only a small breakfast and lunch restaurant onsite

The resort is oceanfront and has a small town and golf course nearby.

There are 2 pools (1 adult only), 2 restaurants and no beach, water or land activities

Updated project parameters and assumptions: Note:

The projects must be completed within 8 months

The total budget must not exceed $1,200,000

The risk reserve is 10% or $120,000

Assume the human and project resources are available

Disruption to guests must be kept to a minimum

Project team members work Monday to Friday, 7 hours per day

General Costs:

Costs are identified in the risk register. Remember you must create at least 3 new cost descriptions with corresponding details. These must be incorporated into the risk register within the EMV calculations.

Project Description:

The Fitness Centre project meets the growing need for health and wellness services, improves the guest experience, and gives the hospitality business a competitive edge. The Fitness Centre at Big Island Hotel is a state-of-the-art facility designed to cater to the health and wellness needs of guests. It features a wide range of modern exercise equipment, offers group fitness classes led by certified instructors, provides personalized training with professional trainers, and may include spa and relaxation facilities. The Fitness Centre aims to enhance the guest experience and give the hotel a competitive edge in transitioning to an all-inclusive concept.

Risk Register: Heat Map: RISK MANAGEMENT HEAT MAP Threats Big Island Hotellmpact Table \begin{tabular}{|l|l|l|} \hline Impact Rating & Cost & Time (Days) \\ \hline1 & 20.0% & \\ \hline Very High & >$24,000.00 & \\ \hline \end{tabular} Big Island Hotel cost table