Create a time-phased budget for your example project using bottom-up estimating. As you allocate resources to the activity your budget is being created. After you extract the Gantt chart, revisit the...

Create a time-phased budget for your example project using bottom-up estimating. As you allocate resources to the activity your budget is being created. After you extract the Gantt chart, revisit the activity list and be sure to check direct labour costs for you and your team has been added and add 20% for fringe.



In this section, State all assumptions and constraints you have used when creating your budget. Give examples of known knowns and known unknowns (these are financial risks) on your project. Describe how you have budgeted for both of them plus how you have budgeted for unknown unknowns (15 Marks)


Task 4: Risk Register
Create a risk register In the form of a risk register as per the format and example below
 (4 risks- 3 negative and 1 positive risk) for your example project. (20 marks)


Task5 : Quality Management Plan. (10 marks)

It should include:
a short statement that reflects your team’s philosophy or objective for ensuring that you deliver a quality system to your client. (4 marks)
Develop and describe 3 quality issues related to this project that your project team could implement to ensure quality (6 marks)