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Please help draw a picture for question 5 Problem Set (Individual Work) 1. (5 points) Quantitative Risk Assessment. Assume the following information for an IT
Please help draw a picture for question 5
Problem Set (Individual Work) 1. (5 points) Quantitative Risk Assessment. Assume the following information for an IT project. Probability of Failure Consequences of Failure \begin{tabular}{lr} Maturity =.7 & Cost =.9 \\ Complexity =.7 & Schedule = \end{tabular} .7 Dependency =.5 Performance =.3 Client Concerns =.5 Future Business =.5 Programmer Skill =.3 Calculate the overall risk factor for this project. Would you assess this level of risk as low, moderate, or high? Why? 2. (5 points) Given the following information, complete a timephased budget for your project. (All cost figures are in $000 s). What are weekly planned and cumulative costs for the project? Work Package Cost per Week 3. (5 points) Assume you are a project cost engineer calculating the cost of a repetitive activity for your project. There are a total of 20 iterations of this activity required for the project. The project activity takes 2.5 hours at its steady state rate and the learning rate is 75%. Calculate the initial output time for the first unit produced, using the learning curve formula: Yx=aXb Where: Yx= the time required for the steady state, x, unit of output a= the time required for the initial unit of output X= the number of units to be produced to reach the steady state b=theslopeofthelearningcurve,representedas: b= the slope of the learning curve, represented as: log( decimal learning rate )/log2 4. (5 points) Assume the following project tasks and their identified best, likely, and worst-case estimates of task duration. Assume the organization you work for computes (Time estimation) TE based on the standard formula. Calculate the TE for each of the following tasks (round to the nearest integer): 5. (10 points) Consider a project with the following information: 5. (10 points) Consider a project with the following information: a. Construct the project activity network using AON methodology and label each node. b. Identify the critical path and other paths through the networkStep by Step Solution
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