c) The following consideration of risk allowance was made for the Project Risks that remain in the design. Optimistic outcome Most likely outcome Pessimistic outcome Impact (£) 5,189,000.00 (saving) 18, 160,000.00 (extra) 7,303,000.00 (extra) Likelihood (%) 40 50 10 i) Provide an estimate for the risk budget. (4 marks) ii) If the cost plan allowance for the project is estimated to be £150 million, calculate the total project cost. (2 marks)