Course title: ict project management assingment one question one

NAME: SAMUEL NERITU RUKWARO

REG NO: BITC01/0032/2018

COURSE CODE: BCIT 3116

COURSE TITLE: ICT PROJECT MANAGEMENT

ASSINGMENT ONE

1. 
   Services- A project may benefit from, and often require, hiring third parties for additional tasks. This includes hiring professional and expert developers to increase the software design flexibility.
   
2. 
   Labor - The labor resource concerns the staff involved in a project. Not every staff member is involved in the entire duration of a project.
   
3. 
   Equipment - Equipment can be purchased once or reused over multiple projects but as the company expands, the need for more staff and space necessitates increases.
   
4. 
   Funding - usually in the form of investment or capital, It is used to purchase, acquire, and maintain all other resources in a project. 
   
5. 
   Time - Time is the resource majorly influences against the other primary resources i.e. project timescales can be reduced by increasing other resources
   
6. 
   Materials - They are used in the completion of a project and may form part of deliverables. Office stationery is common example of this type of resource in project management.
   

1. 
   Project Selection (Initiation phase) - In this phase, the idea for the project is explored and elaborated. The goal of this phase is to examine the feasibility of the project. 
   
2. 
   Project Planning (Definition phase) - In this phase, the requirements that are associated with a project result are specified as clearly as possible. This involves identifying the expectations that all of the involved parties have with regard to the project result.
   
3. 
   Project Rollout (Design phase) - In the design phase, one or more designs are developed, with which the project result can apparently be achieved. Depending on the subject of the project, the products of the design phase can include sketches, flow charts, HTML screen designs, prototypes and UML schemas.
   
4. 
   Project Execution (Implementation phase) - This phase involves the construction of the actual project result. Programmers are occupied with encoding, designers are involved in developing graphic material, contractors are building, and the actual reorganization takes place.
   
5. 
   Project Control and Monitoring - During this phase, the project manager monitors the project timeline, project plan and team member performance. He may set up project review meetings and require periodic project performance reports
   

1. 
   Analogous Estimating – This is carried out when the costs are routine and predictable e.g repair to equipment that is always breaking down. This method of estimation relies upon a combination of historical data and expert judgment of the project manager. 
   
2. 
   Parametric Estimating – Estimates are calculated based on parameters. This approach determines the underlying unit cost for a particular component of a project and then sales that unit cost as appropriate.
   
3. 
   Three Points Estimating - This technique helps reduce biases and uncertainties while estimating assumptions. Here, you determine three estimates, instead of one, and you take their average to reduce the uncertainties, risks, and biases.
   
4. 
   Bottom-up Estimating – This involves analysis to identify things that need to be purchased and tasks that need to be completed. In bottom-up estimating, a larger project is broken down into a number of smaller components. The project manager then estimates costs specifically for each of these smaller work packages.