How will you use estimation for the project

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Reference no: EM132297267

Question: Answer the following questions:

1. Write an example scope statement for any project, real or fictional, of your choosing

2. For the scope statement/project you listed in question 1, provide at least 5 stakeholders that would likely be important for this project.

3. Using a tree-structured format, develop a possible indented form of a WBS for the project that you envisioned in question 1

4. According to our textbook, what information goes into section 5.3 (Control Plan) of a Project Management Plan?

5. Using the project you mentioned in question 1, what are some risks that might be associated with this project? How can you mitigate them

6. What is project estimation? How will you use estimation for the project you envisioned in question 1?

7. Provide a description and example of the following estimation techniques:

• CPM:

• PERT:

• Delphi Estimation:

• Expert Judgement:

• Analogy:

• Rule of Thumb

8. What is a software inspection? Why is it important? Describe the steps for conducing a software inspection.

9. Provide a description of the following:

• Cost Variance

• Schedule Variance

• Cost Performance Index

• Schedule Performance Index

• Estimated Actual Cost

• Estimated Completion Date

• Cost Variance at Completion

• Schedule Variance at Completion

10. In your own words, describe the difference between probability and potential impact in risk estimation. Provide an example of project risk, and clearly describe the difference between probability and potential impact. Why is it important to consider both in assessing project risk?

Reference no: EM132297267

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