Cost, Risk, Human Resources

“Estimating Costs”

In 600 words or more using a minimum of three reliable source – Must use APA citation format
you were asked to prepare a cost estimate for a project to purchase laptops for all faculty and staff at your college or university.
How would you start?
How long would it take you to prepare a good estimate?
What type of estimate would you prepare, and what approach would you use to develop a cost estimate?
Why do you think it’s necessary to understand some of the basic cost terms in project management?
You must include all of the following topics below:
Developing the Project Budges and Communicating the Plan
Creating the Project Cost Management Plan
Estimating Costs
Establishing the Cost Baseline
Understanding the Stakeholders
Communicating the Plan

“Risk Management”

In 600 words or more using a minimum of three reliable source – Must use APA citation format
As a project manager, one of the most important things you’ll have to analyze is risk.
Talk about a couple of risks companies can face when undertaking any new project.
Specify how you would apply risk. This must include all of the following:
Planning Your Risk Management
Identifying Risk Potential
Analyzing Risks Using Qualitative Techniques
Quantifying Risk
Developing a Risk Response Plan

“Human Resources”

In 400 words or more using a minimum of three reliable source – Must use APA citation format
Your organization is embarking on a long –term project that will require additional human resources on a contract basis to complete the work of the project. Since the project will span several years, you know one vendor probably cannot supply all the resources you’ll need over the course of the contract. In order to minimize the procurement documents, I want to work with only one vendor throughout the project.
Do you think this is a right decision? Why/Why not? Justify your response.
Discuss reasons that oppose your original decision.
Do you think it’s important that a good IT professional have either strong technical skills, or strong people skills?
Provide two reasons why?