Consider a Project with the below activities in Table 1. The Project sponsor has estimated the cost per each activity and sum up the total cost of the project $10,124. Upon your assignment and the project charter has been issued and signed by the project sponsor, you assembled your team and start the project planning and cost estimation process. Your team started the process of bottom-up estimation for each activity of the project. According to your team estimations, the total cost of the project would be $13,200 Table 1: Project Activities Cost from Sponsor and Team Immediate Activity Exact month where the Duration Cost given by the Historical cost (See Cost given Predecessor Activity will be executed (days) sponsor page 2) Calculate for Risk by the team the year 2011 1,000.00 $ 1,200.00 A 10 1,800.00 $ 2,000.00 A 15 1,100.00 $ 1,500.00 A 15 200.00 250.00 A W W N N W C 12 500.00 S 760.00 C, D 14 1,200.00 $ 1,900.00 B 15 1,600.00 $ 2,300.00 E , F 670.00 890.00 G, H 820.00 $ 1,100.00 6 1,234.00 $ 1,300.00 High Risk Medium Risk Low Risk You have conducted your own cost analysis using analogous cost estimation using information from a similar past project in order to estimate the cost and duration of the project. Table 2 summaries your finding for each activities from 2001 to 2010. Table 2: Historical information from similar project from 2001 to 2010 Activity YEAR 2001 YEAR 2002 YEAR 2003YEAR 2004 YEAR 2005 YEAR 2006 YEAR 2007 YEAR 2008 YEAR 2009 YEAR 2010 S 800.00 $ 820.00 $ 840.00 $ 860.00 $ 880.00 $ 900.00 $ 920.00 $ 940.00 $ 1,000.00|$1,200.00 930.00 $ 950.00 $ 970.00 $ 990.00 |$1,010.00|$1,030.00 |$1,050.00|$1,070.00 |$ 2,000.00|$2,300.00 840.00 $ 860.00 $ 880.00 $ 900.00 $ 920.00 $ 940.00 $ 960.00 |$1,100.00 |$ 1,200.00 $1,500.00 30.00 $ 45.00 $ 60.00 $ 75.00 $ 90.00 $ 105.00 $ 120.00 $ 135.00 $ 200.00 $ 230.00 75.00 $ 100.00 $ 125.00 $ 150.00 $ 175.00 $ 200.00 $ 225.00 $ 250.00 $ 550.00 $ 600.00 245.00 $ 367.00 $ 489.00 $ 611.00 $ 733.00 $ 855.00 $ 977.00 |$1,099.00 $ 1,200.00|$1,300.00 457.00 $ 556.00 $ 655.00 $ 754.00 $ 853.00 |$ 952.00 |$1,051.00 |$1,150.00 $ 1,249.00 |$2,257.00 124.00 $ 189.00 $ 254.00 $ 319.00 $ 384.00 $ 449.00 $ 514.00 $ 579.00 $ 670.00 $ 734.00 90.00 $ 176.00 $ 262.00 $ 348.00 $ 434.00 $ 520.00 $ 606.00 $ 692.00 $ 820.00 $ 860.00 756.00 $ 790.00 $ 824.00 $ 858.00 $ 892.00 $ 926.00 $ 960.00 $ 994.00 $ 1,234.00 |$1,300.00