Table 1: Project costing template Items Item specification Quantity 9 Unit Cost Month Total Cost 999.00 999,999.00 A. 1. Z Grand Total 9,999,999.00 b) Based upon the above project costing, calculate the respective Net Profits, Payback Period and Return on Investment (ROI), by assuming that the eamings are on average of RM315,000 per year over 5 years period. (10 marks) c) As A project manager, risk management is one of the crucial tasks to be carried out along a project execution. In order to ensure the mentioned IoT project can be managed accordingly the project risk identification and strategy need to be prepared especially on the above human resource, hardware, software and other requirements. Describe the important steps to identify the related software project risks and propose a simple template for Risk assessment by creating five columns called "project risk', 'likelihood', 'severity', 'risk strategy and responsibility". Project risk is a possible risk that would occur in software development project. Risk likelihood is rated on a 1 to 5 scale from very unlikely to nearly certain. Severity is rated on a 1 to 5 scale from minor impact on the stated human resource, hardware, software and other project requirements failure. Briefly discuss some possible risks of the respective project requirements. (20 marks) Table 1: Project costing template Items Item specification Quantity 9 Unit Cost Month Total Cost 999.00 999,999.00 A. 1. Z Grand Total 9,999,999.00 b) Based upon the above project costing, calculate the respective Net Profits, Payback Period and Return on Investment (ROI), by assuming that the eamings are on average of RM315,000 per year over 5 years period. (10 marks) c) As A project manager, risk management is one of the crucial tasks to be carried out along a project execution. In order to ensure the mentioned IoT project can be managed accordingly the project risk identification and strategy need to be prepared especially on the above human resource, hardware, software and other requirements. Describe the important steps to identify the related software project risks and propose a simple template for Risk assessment by creating five columns called "project risk', 'likelihood', 'severity', 'risk strategy and responsibility". Project risk is a possible risk that would occur in software development project. Risk likelihood is rated on a 1 to 5 scale from very unlikely to nearly certain. Severity is rated on a 1 to 5 scale from minor impact on the stated human resource, hardware, software and other project requirements failure. Briefly discuss some possible risks of the respective project requirements. (20 marks)
