Question 1) Be able to briefly define the following project planning terms;

a) Statement of Work (SOW)

b) Work Breakdown Structure (WBS)

d) Project charter

Question 2) What are the main risks associated with projects and what should be considered in a risk management plan?

Question 3) What are main problems associated with the cost management of projects?

Question 4) Describe briefly the project life cycle and say why it is important in project management.

Question 5) Project management is largely concerned with balancing cost, time and quality. Briefly describe what is meant by the term "trade off analysis".