Determine a basis for the provision of contingency within the cost plan . Make a clear recommendation, stating your reasoning.

PROJECT MANAGEMENT CONSTRUCTION PROJECT.

Using the data in the scenario, prepare a Gantt chart for the entire programme from inception to the end of the ‘soft launch’. You may assume the project start date is Monday 10 January 2022.
Compile a detailed network diagram and Gantt chart for the Arena construction phase You should allow in your programme for a two week shutdown of construction activity over the year-end holiday period.
1c. Identify the critical path for the construction phase.
1d. Re-present key data in Table 3 to show task durations using Eli Goldratt’s Critical Chain approach. Show also the safety buffer for the phase as a whole. Determine how buffer time should be used either at key milestones within the construction phase or only at the end clearly stating the reasons for your choice.
Determine a basis for the provision of contingency within the cost plan . Make a clear recommendation, stating your reasoning.
Using the budget you prepared in task two with the income streams provided in the scenario, prepare an itemised cash flow for the project for the period 2022 to 2029 inclusive. You should consider the payment profiles for both the remediation phase and the main arena construction phases . You will also need to include an estimate for the revenue receipt in Q4 2024, stating your reasoning for the figure you have chosen.
3b. Using the cash flow data, prepare an initial project appraisal and identify the Payback Period; Return on Capital; and Net Present Value of the project to support a business case for presentation to the client’s Board.
3c. State any assumptions made and the commercial implications of the results presented including an accept / reject recommendation for the project as a whole.