If possible please assist with this exam.

If possible please assist with this exam. I need it before 11;59 this sunday
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PMAN 637 Summer 2016 Mid-Term ExaminationInstructions:Do not discuss the mid-term with your Group team members or anyone else. The mid-term isan open book exam.When quoting a reference, use proper APA style citations (Author, Year of publication,page number) after the quote and then the full reference at the end of the answerto that specific question.Ifyou have a question of clarification, post it in the whole class Session 7 discussion area and I willanswer for all the class.There is a seven-page limitfor this evaluation exam.Nodiscussion with study group is permitted during exam time.Your exam is due onMonday, July 4 by 12 Noon EST.1) Discuss why a key motive for any project manager is the identification ofopportunitiesthat can improve a project’s budgeting or scheduling plans.Cite two references from your assigned articles and/or textbook readingsto support your discussion of how a Project Manager could utilize suchan opportunity to limit ‘scope creep’.1-page limit.(3 points)2) Incorrect activity durationestimatesmay push personnel or resourcesinto projects too early ortoo late.The RBS diagram with the 4 standardheadings used worldwide is on p.253 of the Heldman text (2013, 7thedition). Review this now.Two estimating methods we have studied are parametric estimating and3-point estimates.Explain how these could mitigate risks within twoofthe RBS headings used worldwide “project management” and “technical“risks.(4 points = 2 points per clear description of an estimating methodthat can be used to mitigate risks, ½ page for each)IV. Case Analysis (7 points) – Instructions at the end of the caseSam Martinez is seeking to invest a portion of his considerable assets in the“independent” electric power production industry in California, a sector projectedto experience very rapid growth in the 21stcentury. He has set up a company“MexiEnergy Inc.” using his own funds and those of a number of family and
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colleagues. The intention is to use the company to build and operate an electricpower plant, and then form a non-profit organization to “donate” some of thepower to social service agencies serving immigrant families in L.A.However, the large public-sector California Energy Resources producesmost of the power for California.The main exceptions are co-generation plantsassociated with food processing, timber and similar industries, some small hydroplants which generate electricity for northern California via water, and purchasedpower from other states.California Energy operates all long distance distribution,selling electricity to municipal utilities for local distribution; brokering power salesto large industrial customers, and providing electricity wholesale to small ruralcustomers. California Energy will buy power from independent producers, but atrather low prices negotiated privately with each potential supplier, based on“avoided costs” which vary considerably from base to peak load usage patterns.California Energy wishes to increase its current significant dependence uponNavo Valley nuclear power reactor, which is projected to construct three more 880megawatt units over the next twenty-five years. Should this happen, “avoided cost”for base load power could be very low.However, there is strong political pressurefrom a range of sources for publicly-declared prices well above current avoidedcosts to encourageprivate co-generation of electrical power.Privatization of California Energy is being argued by leading environmentalgroups, with a view that increases in electricity cost per unit which would decreaseelectricity consumption.These probabilities have been calculated as part ofCalifornia Energy’s financial forecasts but lack any risk management plan.Sam has identified what he believes to be his first big opportunity. It wouldinvolve:1. Producing base load electric power for sale to California Energy in anorthern California town using a CCGT (combined cycle gas turbine) set of naturalgas powered turbines driving generators with waste heat producing high pressuresteam to drive a steam turbine generator.2. Providing low pressure steam for manufacturing organizations in theimmediate vicinity of the CCGT plant.The local city has a natural gas network and supply, but the supply pipelineis not large enough to cope with the proposed CCGT. The gas supply company willprovide a new main and gas at a price per unit fixed for a substantial period oftime, but require a “take-or-pay” contract. If MexiEnergy decides to contract to
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