problem 1: In the year 2015, the price of petrol has gone up so much that the oil reserves of the Republic of Mauritius start to look interesting to exploit. The oil reserves are found strictly off-shore in the territorial waters of Mauritius. Though, they are instead near to fish banks which are as well a significant resource to the country.
a) You are requested to make a feasibility study for the exploitation of the oil reserves for the Government of Mauritius. Point out how you would go about with this study and what points you would study. There is no need to give a conclusion for the feasibility (as you may not have access to critical information – you are mainly expected to structure the investigation).
b) How would the feasibility study be if it were for the account of an oil company wishing to exploit the reserves?
a) Why is project monitoring significant?
b) Outline the aspects you would check in the project monitoring meeting?
c) What corrective actions can be taken in the given cases:
• Task is behind schedule
• Quality of deliverable for a task is below standard
d) What could have been done at the planning phase to make for the problems raised in part (c) above?