Questions for discussion

Questions for discussion

1. Why is it important to perform stakeholder analysis? What steps should you take in stakeholder analysis? Why is it important to understand stakeholder roles?

2. Cost estimates are quantitative amounts that reflect the cost of the resources needed to complete the project activities. Cost estimates are usually expressed in dollars. Discuss the Estimate Cost tools and techniques and how they’re used to derive cost estimates. Discuss when during the project life cycle the tools should be used and why.

Answer these two question separately as a part of discussion 1 page each with any reference you can use. Need to be detailed and a meaningful discussion.