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I just need these 3 questions,. They are part of the paper attached. Ignore other questions in the attached paper. I just need the last 3 questions highlighted here. I need it in 5 hours. If you can’t deliver just ignore.
Base on the risk management case study, Van Allen Construction Company consider the following points: 1. The management consultant on the Van Allen project has discovered the labour contract is in effect until the beginning of week 14; that is, the strike would occur only at the beginning of week 14, if at all. Would this change your decisions? If so how?2. The project manager at the Van Allen Company now thinks that the likelihood of a strike increases as the duration of the project increases. Specifically, she estimates the probability of a strike during the course of the project to be as follows: Probability = END/(END+4) where END is the project duration. Would this assumption change her preventative plans?, if so how?3. To get the demolition project completed as quickly as possible, the state of Louisiana is considering adding an incentive clause to Van Allen’s contract. Specifically, the incentive clause would reward the company with a bonus of $5.0 (hundreds) for each week that the project is completed before week 18. What would you now recommend to Van Allen? Why? (Assume the probability of strike is constant at 0.70)
