Question: Using your new methodology, SCC would like you and you to complete the following project: Scope: The scope of the project consists of 9 applications
Using your new methodology, SCC would like you and you to complete the following project:
Scope: The scope of the project consists of 9 applications
| Initial Development Cost (YR 0) | Year 1 Income | Year 2 Income | Year 3 Income | Year 4 Income | Year 5 Income | |
| Application 1 | $ 350,000.00 | $ 65,000.00 | $ 74,750.00 | $ 89,700.00 | $ 94,185.00 | $ 95,126.85 |
| Application 2 | $ 275,000.00 | $ 52,000.00 | $ 62,400.00 | $ 68,640.00 | $ 70,012.80 | $ 71,413.06 |
| Application 3 | $ 500,000.00 | $ 65,000.00 | $ 79,300.00 | $ 83,265.00 | $ 89,926.20 | $ 94,422.51 |
| Application 4 | $ 450,000.00 | $ 50,000.00 | $ 65,000.00 | $ 69,550.00 | $ 73,723.00 | $ 77,409.15 |
| Application 5 | $ 300,000.00 | $ 130,000.00 | $ 143,000.00 | $ 145,860.00 | $ 160,446.00 | $ 170,072.76 |
| Application 6 | $ 450,000.00 | $ 82,000.00 | $ 94,300.00 | $ 95,243.00 | $ 96,195.43 | $ 100,043.25 |
| Application 7 | $ 750,000.00 | $ 230,000.00 | $ 287,500.00 | $ 301,875.00 | $ 316,968.75 | $ 323,308.13 |
| Application 8 | $ 550,000.00 | $ 75,000.00 | $ 91,500.00 | $ 93,330.00 | $ 100,796.40 | $ 103,820.29 |
| Application 9 | $ 250,000.00 | $ 65,000.00 | $ 85,800.00 | $ 88,374.00 | $ 93,676.44 | $ 95,549.97 |
Given the critical nature of the project, the company has developed a high-level budget and potential income for each application.
- Year 0 is the projected cost the company has estimated for the build of the component. This includes a 15% overhead cost for project management work
- Year 1-Year 5 is the amount of revenue the company has estimated for the product
- The Acceptable Rate of Return for all projects with the company is 10%
Step: Manage a project
- Describe the process that your team will use to elicit and decompose the requirements for the project
- Develop a Project Overview Statement document for the project
- Create a WBS for the project. Remember your WBS is a deliverable base, so there should be a section of your WBS that outlines our project management deliverables
- Using the following information develop a Gantt chart
Optimistic Estimate Pessimistic Estimate Most Likely Estimate Application 1 4 months 9 months 6 months Application 2 1 month 5 months 3 months Application 3 5 months 10 months 7 months Application 4 1 month 7 months 4 months Application 5 5 months 10 months 8 months Application 6 2 months 9 months 5 months Application 7 5 months 12 months 7 months Application 8 3 months 13 months 9 months Application 9 4 months 11 months 8 months - Describe strategies you can use to bring the project timeline to 12 months.
- Develop a team agreement
- Using your defined prioritization process, prioritize each application.
- Using the defined organizational structure, create a pictorial and narrative description of the organizational structure for the project.
- Identify at least ten potential stakeholders for your project.
- Identify at least five risks including both threats and opportunities associated with the project. For each risk, please include the following information:
- Category
- Impact
- Probability
- Description of the risk
- Mitigation Strategy
- Describe the process your team can use to determine if the projects are making the appropriate revenue.
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1 Process to Elicit and Decompose Requirements The process to elicit and decompose requirements for the project includes firstly an analysis of the scope document to create a structured list of featur... View full answer
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