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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
- Hardware
- Purchased software
System Customization
Testing
Training, Roll Out, and Support
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