Question 1 (a): Outline the inputs to this project's risk assessment/evaluation process. Question 1 (b): Discuss the inputs to the risk assessment/evaluation process of this project Question 2: Discuss how the inputs identified are applicable to the risk assessment/ evaluation process of this project. Question 3 (a): Outline the outputs to this project's risk assessment/evaluation process. Question 3 (b): Discuss the outputs to the risk assessment/evaluation process of this project Question 4 (a): Outline the impacts of the outputs of the risk assessment/evaluation process on this project Question 4 (b): Discuss the impacts of the outputs of the risk assessment/evaluation process on your project, including the i) Consequences ii) Likelihood ratings, and iii) Inherent risk levels NOTE: All discussions on inputs to the risk assessment/evaluation process must use your specific project to illustrate the concepts being discussed and not generic. Nisoc, Inc. is a company that develops software applications for handheld computing devices. It has 45 employees with annual sales of about $30 million. Nisoc, Inc. original product was an expense report application that allowed users to record expenses on their handheld computer and then import these expenses into a spreadsheet on a PC or Mac to make an expense report in a customized or standard format of the user organization. Based on the success of this product, the Vice President for Software Development put the following proposal to the Chief Executive Officer (CEO) that the company develop an app that could be used remotely by various organizations to: Enhance the company's current expense reporting program Develop a new mobile calendar program To integrate the expense program and new mobile calendar program with Nisoc, Inc. current email program The CEO has approved the project proposal, and believes that completing this project successfully will increase the likelihood of Nisoc, Inc. retaining or obtaining a leadership position in any of these three software products. You have been appointed to be the project manager for this software development and integration project. The software development and integration project require the completion of the following: Enhancement of the company's current expense reporting program Development of a new calendar program Integration or the enhanced expense program and new calendar program with Nisoc, Inc. current email program The project will require 15,000 hours to complete, distributed as follows: a) Development of a new app = 3,500 hours b) Enhancement of current expense program = 2,500 hours c) Development of a new mobile calendar program = 5,000 hours d) Integration of both programs with current email program = 4,000 hours There are 12 software developers on staff a) Each software developer works 40 hours a week, up to a maximum of 2500 hours per year b) Overtime is allowed at 1.5 times their regular rate c) Software developers get three weeks paid vacation time per year Currently, the cost of software developers in the company (including salary and benefits) are as follows: a) Programmer with more than 5 years' experience - up to $60 per hour b) Programmer with 2 to 5 years' experience - up to $50 per hour c) Programmer with less than 2 years' experience - up to $40 per hour Other project expenses could be incurred to a maximum of 15% of total software development cost The project is expected to be completed within 12 months Other Project information Senior management is convinced that completing this project would help Nisoc maintain leadership position in the expense report software industry The final product resulting from the project, is reasonably expected to have a 4 to 5-year life