The estimated cost for the data disposition project is $25 million. The total investment cost for each
Question:
The estimated cost for the data disposition project is $25 million. The total investment cost for each phase:
- Phase 1 - 32.9%
- Phase 2 – 55.6%
- Phase 3 – 11.5%
No | Project |
| Cost in Millions $ | Total | |
|
| Phase 1 | Phase 2 | Phase 3 |
|
1 | Defining your data and data structure | 1.2 | 2.3 | 0 | 3.5 |
2 | Understand how data is used | 1.5 | .8 | .2 | 2.5 |
3 | Identify data interdependencies | .8 | 2 | .2 | 3 |
4 | Link data to data holds and retention schedule | .7 | 1.3 | .5 | 2.5 |
5 | Design approaches to de-identify and dispose of data | 2.7 | 5 | .3 | 8 |
6 | Develop data disposition initiatives and implement them | .5 | 1.5 | 1 | 3 |
7 | Establish a road map to implement initiatives | .825 | 1 | .675 | 2.5 |
|
| 8.225 | 13.9 | 2.875 | 25 |
Assuming that the total cost provided were the normal cost. The optimistic cost were under-estimated by 30%, and the pessimistic cost exceeded the normal cost by 20%. Prepare a budget using an appropriate estimation technique and justify your choice. Explain to the directors how your team will handle inaccurate estimation issues.
Expert Answer:
GIVEN DATA THE COMPANY STARTS THREE PROJECTS THAT IS MENSONED PHASSES TOTAL INVESTMENT ... View the full answer
