ICT504 IT Project Management

ICT504 IT Project Management
Weekly Activity – 3
Answer the Following Questions
Question 1: Why are accurate estimates critical to effective project management? Briefly
explain.
Question 2: What are the differences between Bottom-up and Top-down estimating
approaches? Under what conditions would you prefer one over the other? Briefly explain.
Question 3: You are in charge of organizing a dinner-dance concert for a local charity. You
have reserved a hall that will seat 30 couples and have hired a jazz combo (group of few
musicians). With a budget of $20,000 allocated for the project, develop a scope statement for
this project that contains examples of all the checklist/elements. Assume that the event will
occur in 4 weeks and provide your best guess estimate of the dates for milestones.
Question 4: Below is a project WBS with cost apportioned by percents. If the total project cost
is estimated to be $600,000, what are the estimated costs for the following deliverables?
a) Design
b) In-house testing
c) Programming
What weaknesses are inherent in this estimating approach? Briefly explain.
Instructions:
1. Your work will be assessed on the following criteria:
• The accuracy of the answer (40%)
• The consistency in the answer (30%)
• The level of the communication (30%)
2. This assessment is worth 3% of your overall subject mark.
3. Your answers to all four questions combined should be between 500 and 600 words.
4. Do not copy and paste from the internet or use AI tools for this activity.
5. You must complete this activity during the class timings and submit on the Turnitin
link provided on the moodle.
6. Marks will be deducted for late submission.