"You have been appointed as a project manager at a construction company to manage a project to build an R10m house for the Minister. The project entails the design of the building plans, construction of the foundation, walls, roof, and the complete building so that it is livable. Since this is a high-profile project there is no room for failure. It is required that the following areas be managed meticulously scope creep, project duration, and budget. Your reputation is on the line and any failure could result in detrimental consequences to your image."

1. What activities would fall under initiation, planning, execution, and closeout on this project?

2. What are the risks that are associated with this type of project?