Evaluate cost estimation, Project Management

Assignment Help:

Prepare a 1-page Cost Estimate in MS Excel for the project similar to the example provided below. Use the WBS items provided below, and be sure to document assumptions you make in preparing the cost estimate. Assume a labour rate of $100/hour for the project manager and $60/hour for other project team members. Assume twice those numbers for outsourced labour.

WBS items to use for Question

Project Management (internal) 
- Project manager

- Internal Team members

Requirements Definition

- Internal team

- Outsourced labour

Off-the-Shelf System Installation

- Internal team

- Outsourced labour

- Hardware

- Purchased software

System Customization

- Internal team 

- Outsourced labour

Testing

- Internal team

- Outsourced labour

Training, Roll Out, and Support

- Internal team

- Outsourced labour


Related Discussions:- Evaluate cost estimation

What is meant by lean management, X began his engineering apprenticeship wi...

X began his engineering apprenticeship with CM8 manufacturing ten years ago before moving abroad to work for other companies. He has now returned to work for CM8 as Operations Mana

What is the rationale behind the concept of earned value, Question: (a)...

Question: (a) What are the checks/actions to be carried out in a project monitoring meeting? (b) What is the rationale behind the concept of "earned value" in project moni

Management responsibility on quality control, Management Responsibility ...

Management Responsibility a. The quality policy shall be defined documented understood implemented and maintained. b. Responsibilities and authorities for all personn

Design and implementation of the pms, Question: Performance appraisal (...

Question: Performance appraisal (PA) and management play an important role in the effective management of employees in every viable organisation. However, for many Human Resour

What are the distinguishing characteristics of a project, Question : (a...

Question : (a) What are the distinguishing characteristics of a project? (b) What are the four types of consequences of risk? (c) Explain what you understand by the term

Relationship-reporting arrangements of manager with sponsor, What type of r...

What type of relationship and reporting arrangements must the project manager have with the sponsor? The sponsor of a project shows the management of the organisation which com

Materials management as an operating function, Materials  Management  as an...

Materials  Management  as an Operating Function : In  small  scale industries generally  the  function  of materials  management  is considered subordinate to the production  func

Why undertaking competitive analysis is important, S is enrolled on T Compa...

S is enrolled on T Company's management development programme.  Although S has a financial background, the aim of the management development programme is to help him to gain a bett

Strategic Procurement and SCM, determine the most significant changes that ...

determine the most significant changes that have occurred in procurement in the last few years and what this means for your organization or an organization of your choice.

Explain about the process of managing risk, Explain about the process of ma...

Explain about the process of managing risk. A process of managing risk: 1. Risk committee establish to address risk issues categorised for example usual risk audits, to estimat

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd