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IT projects are particularly challenging as we are frequently asked for cost and time estimates before we do the Requirements Phase. Write about how IT professionals can attempt to estimate time and cost when we don’t know the requirements yet. (This is a real issue that many of you have faced. Feel free to provide examples, etc.)
Choose a project with a relatively simple description (building a LAN, designing a web page, inventing a new communication device, etc.). Describe your project scope in a few sentences and then identify at least five significant varied risks associated with the project. Be sure that at least one of them is a positive risk.