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Describe briefly in your words that why there is a need of using formal software project management strategies?

Describe briefly in your words that why there is a need of using formal software project management strategies?

Information Technology Project Management
Information Technology Project Management
9th Edition
ISBN:9781337101356
Author:Kathy Schwalbe
Publisher:Kathy Schwalbe
Chapter7: Project Cost Management
Section: Chapter Questions
Problem 4E
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Q1: Describe briefly in your words that why there is a need of using formal software project management strategies? Q2: Discuss your FYP/research objectives that how are SMART (Specific, Measurable, Achievable, Relevant and Time Constraint). Q3: Explain which user’s requirements are you taking into account concerning implementation in your FYP to make it user friendly? (research students may generally explain how user requirements are taken into account in projects concerning implementation for making it user friendly) Q4: Estimate the cost of your FYP in PKR after formally estimating effort (research students may explain generally with an example that how project cost can be estimated) Q:5 Explain at least one risk that you have faced in your FYP/research, which type of risk it was and how you managed it
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