Budget Development

BIS $330$: Information Technology Project Management

Assign costs to resources $($in MS Project$)$ and any other expenses. Develop a Summary Project

Budget.

Budget Adjustrments

$[$Using the WBS and draft schedule you created for this project, assign labor costs. You can set

each resource's labor costs $($approximate rates$)$ on the 'Assign Resources' page $($or dialog box$)$

in MS Project. NOTE: To assign a cost to the PM$,$ you must have a PM in your resource sheet.

Also, for the cost to be allocated to the PM and reflected in the current budget, you need to

mark all the tasks$-$to$-$date as $\text{'}100\%$ Complete'. Save this version and call it 'Before Budget

Adjustments.$\text{'}$

You just learned that you need to hire a more experienced Project Manager. Raise the 'cost' for

rate$)$ of the new Project Manager by $$100$ per hour. Save this version and call it 'After Budget

Adjustments. $]$

Surnmary Project Budget Report

$[$Run a Project Budget Report BEFORE the Budget Adjustments and AFTER the Budget

Adjustments. $($Include screenshots of both Budget Reports$).$ You can find the Report under the

'Report' tab, then 'Costs,$\text{'}$ then 'Resource Cost Overview.$]$