“Estimating Costs”In 600 words or more using a minimum of three reliable source – Must use APA citation formatyou 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 its 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 PlanCreating the Project Cost Management PlanEstimating CostsEstablishing the Cost BaselineUnderstanding the StakeholdersCommunicating the Plan”Risk Management”In 600 words or more using a minimum of three reliable source – Must use APA citation formatAs a project manager, one of the most important things youll 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 ManagementIdentifying Risk PotentialAnalyzing Risks Using Qualitative TechniquesQuantifying RiskDeveloping a Risk Response Plan”Human Resources” In 400 words or more using a minimum of three reliable source – Must use APA citation formatYour 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 youll 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 its important that a good IT professional have either strong technical skills, or strong people skills? Provide two reasons why?
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