We have studied VfM analysis in the PPP lecture. As your project work you need to select any one VfM report from the following two reports (please see the VfM reports attached) and you should answer the following: Developing the Framework of VfM 1. Identify all the major costs and revenues component listed in the report. (Max 200 words) 2. Identify the risks listed on the report and also their impacts (Max 200 words) 3. Identify the qualitative components listed in the reports. (Max 200 words) Developing the Quantitative Component of VfM Analysis 4. Imagine yourself as a government employee and from the answers you got in the above two questions develop/develop a quantitative VfM analysis. Your goal should be to obtain a histogram shown on slide #55 from PPP lecture slides. (Requires just one figure showing all the cost components) Interpreting the VfM (Subjective and you can differ from what exists on the report) 5. Using the above answer #3 and #4 you should discuss the combined value expected out of qualitative and quantitative components of the VfM report. Hint: Remember that we discussed about qualitative components in class. As an example I explained you about the immense joy (a social benefit) obtained by a family when being able to drive a few miles together for fun. The qualitative components cannot be combined with the dollar valued quantitative components. Hint: This is a subjective answer and you need to defend your answer. The defense should be short (one or two liners) but on the basis of facts (of course you need to use Google here!) of the region. If you use any document please do not forget to provide references. 6. What are the limitations and challenges of the VfM analysis document you reviewed? Hint: You can use slide #45 and 46 from the PPP lecture slides.