What is the risk exposure

Assignment Help Project Management
Reference no: EM13334606

(a) Discuss the reasons why software is often delivered late.

(b) You are working on a project anticipated as lasting around 12 months. Team members include analysts, programmers and other specialists (database, HCI, telecommunications). Your organisation has decided to make the senior programmer the project manager. What are the arguments for and against this course of action?

(c) Cost and schedule estimates are often developed during software project planning before the software requirements analysis or design have taken place.

(i) Why do you think this is done?

(ii) Are there any circumstances in which it should not be done? Illustrate your answer with suitable examples.
 
(d) The firm for which you work is developing software for a client. The cost of the software will be based on a fixed price per function point (for example 1500 function points at $1250 per function point for a total cost of $1,875,000). What are the advantages and disadvantages of basing the cost of projects on function points?

(e) In order to test an application that is being developed, a software component (a test bed) is being written. There is a 40% probability that the software component will be available a month late. Losses include unproductive testers for two weeks, overtime later in the project, morale problems, and delays in finding defects for a total estimated loss of $100,000. In addition to the dollar loss, the testing is on the critical path and not all of the lost testing time can be made up in overtime (loss estimated at three week schedule slippage).

(i) What is the Risk Exposure?

(ii) Given that the expected profit on this project is $80,000, describe your risk mitigation, monitoring and management strategy.

2. 5e) What is the difference between scope and a project plan? What basic questions must a scope statement answer?

f) What is the Cone of Uncertainty and what does it say about a project? Draw a diagram and explain it.

g) What questions does a project plan answer?

h) Describe the components of a risk management plan.

Reference no: EM13334606

Questions Cloud

What would be the cost of equity from new common stock : A firm expects to earn $3.50 per share during the current year, its expected dividend payout ratio is 65%, its expected constant dividend growth rate is 6.0%, and its common stock currently sells for $32.50 per share.
Explain acid-base conjugate pair : Which of the following is correct regarding an acid-base conjugate pair. a. The conjugate base will have one less proton and one less negative charge. b. The conjugate acid will have one more proton and one less positive charge.
Find translational kinetic energy of its center of gravity : A 11.8-kg cylinder rolls without slipping on a rough surface. At an instant when its center of gravity has a speed of 10.8 m/s, find the translational kinetic energy of its center of gravity
Calculate the cost of preferred stock-rps with information : Calculate the cost of preferred stock (rPS) with the given information: Par Value = $200 Current Price = $208 Flotation Cost = $16 Annual Dividend = 12% of Par
What is the risk exposure : What is the difference between scope and a project plan? What basic questions must a scope statement answer?
Compare and contrast probability and non-probability samplin : Compare and contrast probability and non-probability sampling. What are the advantages and disadvantages of each?
Evaluate e for the reaction at 25 degrees : for a certain reaction delta H=-76.8 and delta S=-217 If n=3 calculate E for the reaction at 25 degrees. Will ou please show me step by step on how to do this please
Explain how to compute the cost of external equity-re : The expected dividend is $2.50 per share and the growth in dividends is 8%. If the flotation cost is 10% of the issue proceeds, compute the cost of external equity, re.
Find average power is delivered to the circuit by the source : A series R-L-C circuit is connected to a 150Hz ac source that has Vrms = 80.0V. What average power is delivered to the circuit by the source

Reviews

Write a Review

Project Management Questions & Answers

  A crisis by the obama administration

Handling a crisis by the Obama administration - During a recent visit to Colombia, several members of the Secret Service apparently engaged in various forms of misconduct.

  Developing the work flow sequence

Develop the work flow sequence specified in the problem shown below. Do not consider any of the scheduling information provided below in your work.

  Explain the process of subdivision of activities

Explain the process of subdivision of activities and events that composes the tree diagram known as the Work Breakdown Structure.

  Project management - contracting and procurement

Contracting and Procurement - What kind of contract will you pursue for each of the following purchases related to this project?

  Creating new module to be developed for existing project

Mr. John is the Project manager for Defiance project. Scope of the project has been completed. He receives a request for new module to be developed as part of this project. What should he do next?

  Completion time for project if duration of activity is given

What is the revised completion time for the project if duration of activity E is 3 weeks?

  Earned value calculations in project management

Uses of Earned Value Calculations in Project Management - Earned Value Calculations have many uses in project management. This excerpt gives a brief overview of the theory.

  Globalcom products spam filter

The Globalcom product's spam filter requires a different network configuration than is currently in place for the network

  The factors that influence the monitoring of project work

What are the activities that are related to the Management of Project Execution? (b) Monitoring is an aspect of Project Management performed throughout the Project. What are the factors that influence the monitoring and control of project work?

  Explain different ways how to identify project stakeholders

Find Project Stakeholders - Show different ways how to identify project stakeholders?

  Show the integrated project plan

Post the liquor license; validating IDs, validating the per-person limit, etc.

  Advantages and disadvantages of using erp

What are the advantages and disadvantages of using an ERP system? What is the relationship between information silos and enterprise resource planning?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd