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.

Answer rating: 100% (QA)

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 the full answer