Question1. In 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. But, they are rather near to fish banks which are also a significant resource to the country.
a) You are requested to make a feasibility study for the exploitation of the oil reserves for Government of Mauritius. Indicate 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 might not have access to critical information – you are mainly anticipated 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?
Question2. Why is project monitoring significant?
Question3. Outline the aspects you would check in a project monitoring meeting?
Question4. What corrective actions can be taken in following cases?
• Task is behind schedule
• Quality of deliverable for a task is below standarda