Based on the below use case, estimate the resources, time, and costs required for the project. analyzing the project requirements, break down tasks, and applying estimation techniques to determine the most accurate estimates. The deliverable for this task should be a file containing the estimation breakdown, including resource estimates, time estimates, and cost estimates for each project task or activity. (Make it as simple as possible)

Case Study:

Plan for Risk Management in App Development

1. Risk Recognition:

Determine potential hazards for each phase, role, and ground rule or value.

Examples comprise: Initiation Phase: Misalignment of team ideals and goals during the initiation phase. Planning Phase: Vague app features, poor testing approach. Execution Phase: Technical difficulties, unfavorable user comments. Incomplete analysis of customer feedback during the final phase. 2. Risk evaluation On a scale of Low, Medium, and High, rate the likelihood and impact of each identified risk. Probability: How likely is the occurrence? Impact: How serious would the repercussions be if the danger materialized? 3. Risk Reduction Measures: Creating plans to reduce or eliminate the hazards that have been found. Initiation Phase: Values are discussed during regular team alignment meetings. Phase of planning: detailed testing plan and comprehensive feature specification. Execution Phase: Constant observation and thorough testing. Closing Phase: A clear user feedback analysis procedure. 4. Emergency Plans Prepare backup strategies for hazards with high impacts. Initiation Phase: If there are any value disputes, the facilitator will mediate. Agile planning phase to adjust to evolving requirements. Execution Phase: Plan for emergency testing and backup technical support. Closing Phase: Set aside resources for reviewing input. 5. Registering risks Creating thorough risk registry that includes information on each risk's likelihood, impact, mitigation approach, and backup plan. The phase of the project, role, and value/ground rule should all be specified. An example risk register snippet is as follows: Launching Phase: o Team Values Conflict as a Risk Likelihood: Medium Chance, Low Impact Mitigation: Regular team meetings to ensure alignment Contingency: In the event that confrontations worsen, the facilitator will intervene. 6. Monitoring and communication Review the risk register frequently during team meetings. Adapt the risk estimate to the evolving situation. 6. Adaptation to Phases: Include risk management in every stage: Determine and evaluate hazards as you plan. Implement mitigation measures while operating. Throughout the endeavor, keep an eye on things and make adjustments as necessary. 7. Documentation: Include a portion of the project documents devoted to risk management information. The App Development project will be able to efficiently detect, evaluate, and manage possible risks throughout its lifecycle by putting this risk management plan into action. This proactive strategy will help with better decision-making, smoother project execution, and increased success rates.