Question 20 (4 points) Critique the following action: You are a project manager for a project in the execution phase. Your customer has just submitted a change order that includes added functionality to your deliverable. You direct your team to implement the change and you update the project plan, schedule and budget. Question 21 (4 points) You are a project manager for a project in the execution phase that is on schedule and on budget. Your sponsor asks you for a project status update. Review the sample project status report provided in myCourses in the Final Exam folder, and explain what elements effectively communicate status and what improvements can be made. Risk Plan Critique Risks: Critique each of the following three risk items. Discuss what can be improved and what is effectively stated. FM EA Elements and Scale: Severity 1-5 with 5 being most severe Probability 1-5 with 5 being 100% likelihood of occurrence East of Detection 1-5 with 5 being impossible to detect Question 22 (2 points) Risk: Product is not competitive in the market Consequence: NPV is not achieved Severity of the consequence: 4 out of 5 Cause: Advancements in technology may render current design obsolete Likelihood of the cause: 2 out of 5 Ease of Detection: 3 out of 5 RPN: 64 Response strategy: Prevent Risk response: Systematically analyze if new technology is integratable Question 23 (2 points) Risk: Budget overrun Consequence: Funding is exhausted, unable to procure some equipment/supplies, attendee experience is diminished Severity of the consequence: 2 out of 5 Cause: Budget limited Likelihood of the cause: 2 out of 5 Ease of Detection: 3 out of 5 RPN: 12 Response strategy: Escalate Risk response: Request additional budget Question 24 (2 points) Risk: Health information app displays incorrect or incomplete information Consequence: User health decision is incorrect Severity of the consequence: 5 out of 5 Cause: Insufficient funding Likelihood of the cause: 3 out of 5 Ease of Detection: 3 out of 5 RPN: 45 Response strategy: Optimize Risk response: App displays error code and to contact customer service Question 25 (5 points) 12' 3:. Ke ' F 2 Using the network diagram above, answer each of the 5 questions below: m a) What are the activities on the critical path (using the letters provided) b) What is the shortest amount of time (in days) that this project can finish c) Can activity C be delayed without impacting the end date of the project? yes or no d) If activity C can be delayed, by how many days can it be delayed before the project is delayed? e) Crashing activity B by 1 day will cost $100, should you do this? Why or why not