BUSN 3630 Project Management

Write a report to the senior management addressing the following requirements. Make appropriate assumptions and state any constraints. Organize your report appropriately and include any appendices.

1.Discuss the main drivers or factors influencing a typical organization in your chosen industry to consider data disposition as important component in their overall data security strategy.

2.Accuracy in cost estimation is important. Discuss your options choosing the accuracy level in estimating the cost before arriving at the final estimates. Which of the cost estimate accuracy options below will your group choose and why?  Rough Order of Magnitude (ROM) Estimate: within the range of -25% to +75% Preliminary estimate: within the range of -15% to +50% Budget estimate: within the range of -10% to +25%  Definitive Estimate: within the range of -5% to +10%

3.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 estimationissues.

4.Develop a risk management plan for the data disposition project – using the context of your chosen company and industry. Highlight the significance of a risk plan in your main report and include a high-level risk plan as an appendix. In your risk management plan, identify the most common risks for the project that could threaten pr oject timelines and costs and provide recommendations for responding to the risks.