Develop a project budget, In Module 5, you used a work

Develop a project budget

Assignment Help Business Management

Reference no: EM13701802

Develop a Project Budget

In Module 5, you used a work breakdown structure (WBS) as the basis for estimating project costs; that is, you identified only labor costs. In this application, you will prepare a budget that includes all costs (labor and non-labor costs).

Procedure
1.Review the details of your cost estimate from Module 5. For each element in the WBS, do the following:
?Identify non-labor costs. These may include-but are not limited to-materials, supplies, equipment, allowances for inflation, contingency funds, and so on.
?Find the totals of labor and non-labor costs. This is your Budgeted Cost of Work Scheduled (BCWS).

2.Add the results of Step 1. This is your Budget at Completion (BAC).
3.Prepare a graph that illustrates the project budget over time. This is the Cost Baseline.
4.Find the total of all labor and non-labor costs. This is your Budget at Completion (BAC).

Reference no: EM13701802

Questions Cloud

Politically speaking, it is insufficient to say : Politically speaking, it is insufficient to say that power and violence are not the same. Power and violence are opposites; where the one rules absolutely, the other is absent

Describe the new types of marketing communications : In a 500 to 1000 word narrative, describe the new types of marketing communications available on the web, describe their advantages or disadvantages, and outline their changing effectiveness and cost. Have firms communicated with you online as..

Spam is still in existence because spam still works : Spam is still in existence because spam still works. Take a stance on email marketing, for or against. Using the information from your text and from your experience, explain why email marketing works, or why it doesn't work. Keep in mind that ..

Non-alcholic beverage : Provide the following information to set the foundation for your non-alcholic beverage (NAB) business plan.1.Create your NAB company name and explain its significance.2.Develop your company's Mission Statement and provide a rationale for its componen..

Develop a project budget : In Module 5, you used a work breakdown structure (WBS) as the basis for estimating project costs; that is, you identified only labor costs. In this application, you will prepare a budget that includes all costs (labor and non-labor costs).

The difference between branding communications : Explain, in your own words, the difference between branding communications and sales or promotional communications. Give specific examples. Which is more effective? Would you recommend one over the other? Why or why not?

Determine the production level that minimizes average cost : New weight training equipment is being produced with the weekly cost function of C(x) = 0.001x^3-0.6x^2+217x+7200, 50 (

Company determines that the demand for a new watch : Flying Thyme watch company determines that the demand for a new watch is given by d(p) = 35ln(150-5p), where p is price in dollars and d(p) is demand in thousands. Is a price of $25 too high or too low? If the company wanted to maximize revenu..

In what ways does accepting outside investment : In what ways does accepting outside investment change the ways you manage your business?Name four ways that an investor can receive payment from a business. Describe the advantages and disadvantages of each.

User Account

All Pages