The following scenario is referred: One of the Government Agency has decided to go on board into an ICT initiative to support and promote the local businesses of the ICT entrepreneurs. There are about 8,000 entrepreneurs around the country who have set up their own companies and enterprises, with a fund supported by this agency. The selling products are mainly of IT gadgets, ranges of small to medium types and sizes. This agency has appointed your team to develop an Online portal to act as an agent amongst ICT entrepreneurs. Given that a total of projected cost of RM 500,000 and TWELVE (12) months to complete the project. As a project manager, you have prepared a cash flow analysis in a project budget baseline as in Table 4.0.

Table 4.0 : Cash Flow Analysis CASH FLOW Total Project USD 650.000 MONTH Rate 2 21 12 EXPENDITURES 1. OFFICE Renting space 10.000 10.000 10.000 10.000 10.000 10.000 10.000 10,000 10.000 10.000 10.000 10.000 10.000 Office Furniture 25,000 25,000 Dev Equipment 20.000 20.000 Utility 2,000 2.000 2.000 2,000 2.000 2.000 2.000 2.000 2.000 2.000 2000 2.000 1,000 Tea Lady 600 600 600 600 600 600 600 600 600 600 Cleaner 600 600 600 600 800 600 600 500 800 500 500 2. TECHNICAL PERSONNEL Project Manager 1.000 4,000 4.000 4,000 4.000 4.000 4.000 4,000 4,000 4.000 4.000 4,000 4.000 Technical Manager 3,000 3,000 3.000 3,000 3,000 3,000 3.000 3,000 3,000 3,000 3.000 3,000 3,000 Graphic desinger 2.000 2.000 2000 2.000 2.000 2.000 2000 2.000 2.000 2.000 2000 2.000 2.000 Senior System Analyst 1 3,000 3.000 3.000 3,000 3,000 3.000 3,000 3,000 3,000 3,000 3,000 System Analyst 2 2,000 2.000 2.000 2.000 2.000 2.000 2.000 2.000 2,000 2.000 2.000 2.000 2.000 System Analyst 2,000 o 2,000 2,000 2.000 2,000 2.000 2,000 o o 2,000 System Analyst4 2.000 o 2,000 2,000 2.000 2.000 2,000 2,000 2,000 Network Engineer 2.000 2.000 2000 2.000 2.000 2.000 2000 2.000 2.000 2.000 2000 2.000 2.000 Programmer 2@ 1000 2,000 2,000 2.000 2,000 2,000 2.000 2.000 2,000 2,000 2.000 2.000 2.000 Assistance 350 x 2 700 2.000 70O 700 700 700 700 700 700 700 700 700 700 700 3. Hardware 25%% 130000 TOTAL EXPENDITURE 78.200 $1900 31.900 35.900 35.200 35.900 165.900 35.900 35.200 31900 31.200 35.900 CUMMULATIVE 76,900 108,800 140,700 176,600 212,500 248,400 4 414,300 450,200 486,100 518,000 549,900 585,800 REVENUE 1. Mobilisation 20% 20%% 130000 2. Design 25% of 40% 10% Hardware 30% 3. Complete Programming 195000 75% of 40% 30%% 195000 4. close 10% 10% 65000 TOTAL REVENUE 130000 65000 0 195000 195000 65000 CUMMULATIVE 130.000 130.000 150.000 195.000 195.000 195.000 195.000 390.090 590.000 590.000 565.000 650.000 revenue- expenditure 53,100 -31900 -31,900 29,100 -35.900 -35.900 -165,900 159,100 -35,900 -31900 163,100 29,100 cummul ative 53.100 21.200 -10.700 18.400 -17.500 -53,400 -219,300 -60.200 -96.100 -128,000 35.100 64.200a) How do you address the issues of negative gures in the revenues in the Table 4.0. State clearly your action and impacts the cash flow. (6 marks) b) An initiative to improve the quality of the project and delivery, state your opinion in performing the following activities: i) Meeting with the stakeholders; ii) Propose with some modifications of the "good business practice" of the system; iii) The need to get approval and endorsement on the proposed system design (10 marks) 0) Based on the above project case, describe THREE {3} potential risks and ways to mitigate the identied risks. (9 marks)