Assignment Problem: You are involved in an international project as a consultant. This project involves stakeholders from multiple countries with diverse cultural backgrounds. In this assessment, you are asked to do the following.
Question 1: Define the Project Execution Plan (PEP). Why is such a plan required and what are some of the important sub-sections of this plan? Justify the inclusion of these sub-plans with solid logic and strong references.
Question 2: What is a Risk Management Plan (RMP) and why is it required? What kind of risks is dealt in such a plan and how are different elements prioritized?
Question 3: What are some of the methodologies for tracking cost and schedule? Outline the advantages and risks of using different monitoring and controlling methods.
Question 4: How would you format and structure project reports to the project team? What kind of data should be presented and how? What kind of commentary and explanation should accompany the data in these reports?
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