Create WBS starting with a TOP - DOWN approach for the estimates now start with $1,500,000. By using the budget Estimate below

Budget Estimate and Financial Analysis

The preliminary estimate of cost for the entire project is $1,500,000. The estimated time commitment of the project manager is minimum of 40 hours per week for seven months while other staff are working 40-45 hours per week for seven months. The project manager will make $70 per hour while project team members will earn $50 per hour. This will leave the cost for the project manager at $25,000, and the cost for the staff at $105,000. The software initial cost is $10,000 including services from suppliers. Total project costs, which will be applied in the first year is estimated to be around $140,000. The maintenance cost is $40,000 for each year. The maintenance cost will include implementing software and the hardware updated after the project is finished. Total Projected benefits is about is about $200,000 a year. The NPV is $272,336 with a discount price of 8%. The number of consultants that will be needed to complete this project are 400, which will save about 40 hours.