Assume you are a project manager at a software engineering consulting firm. One of your key responsibilities is planning and estimating software engineering projects. A client organization has sent you a set of high-level features that it needs for a new software product. The client requires that you submit a fixed-price (schedule and cost) bid.
- Describe the risks associated with such a project.
- Describe an approach you would take to prepare a fixed-price and schedule estimate, and describe how your approach mitigates the risks you identified in question 1.