Reference no: EM132823100

Assessment Task: Project BUDGET

Task Summary:

You are the Project Manager of The CUPNBAKE Project as per Assessment 1.

In this assessment you will be required to complete a four (4) week budget allocating you total budget of $75,000.00 as closely as possible to what the project plan aligns to.

Background/Operational Brief: (as per Assessment 1)

CupNBake café is opening a new smaller store in Canberra and will be based in Manuka.
You have 3 staff members to assist you throughout the project.
ALLOCATED BUDGET TO COMPLETION AND HANDOVER: $75000.00 (AU)

Task summary:
You are the Project Manager of the Project outlined below and are to complete the project plan template as provided in detail.
Timeline: 4 weeks
Budget: $75000.00 (AU)
You are to complete the provided Project Budget Template in detail for the following:
• Weekly costings - according to the Project Plan
• 4 weekly allocations to the total of $75000.00
The template provided has areas for you to add information to as applicable.
This will change on a weekly basis - do not keep it the same each week.
Budgeting is important but remember it is also estimating at this point of the project.
Try to have money in reserve for the unexpected
Be sensible with your amounts - research this to be accurate as possible (remember that hospitality often buys in bulk and therefore has large savings on items such as crockery/cutlery etc)
IF it appears you are going to go OVER the budget - review your amounts to ensure you stay within the allocated amounts.
At week 4 there is an area for notations of how you have made adjustments or corrections to the budget should you seem to be going OVER the budget. Use this.
Remember:
• You are the Project Manager
• You are to view every aspect of the project that is required to getting the set up to the opening date for the Owner
• You are to do external research to assist you in this project if you have no prior experience or hospitality knowledge

Attachment:- Project BUDGET.rar