The estimated cost for the data disposition project is $25 million. The total investment cost for each phase:
|
No |
Project |
|
Cost in Millions $ |
Total |
|
|
|
|
Phase 1 |
Phase 2 |
Phase 3 |
|
|
1 |
Defining your data and data structure |
1.2 |
2.3 |
0 |
3.5 |
|
2 |
Understand how data is used |
1.5 |
.8 |
.2 |
2.5 |
|
3 |
Identify data interdependencies |
.8 |
2 |
.2 |
3 |
|
4 |
Link data to data holds and retention schedule |
.7 |
1.3 |
.5 |
2.5 |
|
5 |
Design approaches to de-identify and dispose of data |
2.7 |
5 |
.3 |
8 |
|
6 |
Develop data disposition initiatives and implement them |
.5 |
1.5 |
1 |
3 |
|
7 |
Establish a road map to implement initiatives |
.825 |
1 |
.675 |
2.5 |
|
|
|
8.225 |
13.9 |
2.875 |
25 |
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 estimation issues.
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