Budget Estimating

This assignment consists of 2 parts: questions about budget estimation and developing a budget.

Part 1 Questions (10 points)

Provide responses to the following questions

1.    You are providing a review of contractor bids for a component of your upcoming project.  What can be done to determine whether or not a vendor’s bid is reasonable?

2.    Describe the conditions for which parametric, analogous and bottom up estimation techniques work best, and provide 2 examples in support of each method.

3.    Why is a cost management plan important?  How does the plan benefit the project manager?

Part 2 Budget Estimating (30 points)

Using the same scenario from the previous unit on scheduling, create a time-phased budget for the following project.  Prepare a figure like Exhibit 10.9, CPT 4e, that illustrates the daily and cumulative costs for the resource-leveled project.

Assume the following hourly rates:

Alcides $45 / hr.

Joan $50 / hr.

Part 3 Budget Estimating (50 points)

You are the project manager for a process improvement project for Company XYZ.    Prepare a figure like Exhibit 10.9 that illustrates the weekly and cumulative costs for the resource-leveled project.

Hint: To accomplish this exercise, you’ll need to create a project schedule in MS Excel (or by hand), create resource assignments, assign costs to each resource, and assign the resources to each task.  Some resource leveling will be required.

In this project, you have 3 employees: Ann, Becky and Clive.  Each person is limited to the amount of time allocated to your project.  Ann and Becky are available 30 hours/week; Clive is available 20 hours/week.  There hourly rates are: Ann: $60/hour; Becky: $35/hour; and Clive: $50/hour.

Mechanics (10 points)

Part 1 responses should be presented in a question-response format.  Use Arial font with 11 point. There is no word limit.

Your Instructor will use Turn-it-in to ensure your paper is authentic work.  To avoid plagiarism, see the course home page for more information and use the Purdue Online Writing Lab to learn how to paraphrase, summarize and cite the references you use in all academic writing assignments.

Parts 2 and 3 Use MS Excel (MS Project is not acceptable) to create the budget estimate and present it similar to Exhibit 10.9.  Show intermediate steps (schedule, resource schedule assignments, resource-leveled schedule and any other elements needed to create the time-phased budget estimate.

It is expected that each part of this assignment have excellent mechanics (presentation, grammar and spelling) and exhibit the quality of work capable of a group of graduate students and working professionals. All sections of the document submitted must be readable at 100% magnification.

Your Instructor will use Turn-it-in to ensure your paper is authentic work.  To avoid plagiarism, see the course home page for more information and use the Purdue Online Writing Lab to learn how to paraphrase, summarize and cite the references you use in all academic writing assignments.

.awasam-promo {
background-color: #9ED5EA;
color: white;
text-align: center;
padding: 10px;
}

.button {
background-color: #4CAF50;
border: none;
color: white;
padding: 10px 20px;
text-align: center;
text-decoration: none;
display: inline-block;
font-size: 16px;
margin: 4px 2px;
cursor: pointer;
border-radius: 10px;
}

.awasam-alert {
color: red;
}

“Get 15% discount on your first 3 orders with us”
Use the following coupon
FIRST15

Order Now

The post Budget Estimating appeared first on Savvy Essay Writers.

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

The post Budget Estimating appeared first on Savvy Essay Writers.


Budget Estimating was first posted on June 12, 2020 at 1:11 pm.
©2020 “Savvy Essay Writers”. Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at savvyessaywriters@gmail.com

I absolutely LOVE this essay writing service. This is perhaps the tenth time I am ordering from them, and they have not failed me not once! My research paper was of excellent quality, as always. You can order essays, discussion, article critique, coursework, projects, case study, term papers, research papers, reaction paper, movie review, research proposal, capstone project, speech/presentation, book report/review, annotated bibliography, and more.

Ask a Question. Get an Answer ASAP!

PLACE YOUR ORDER