Question: Develop a time-phased budget for an imaginary project using bottom-up estimating. As well as calculating labour rates and any other direct costs you need to

Develop a time-phased budget for an imaginary project using bottom-up estimating.

As well as calculating labour rates and any other direct costs you need to be sure to include indirect costs.

You will need to state all assumptions and constraints you use when creating your budget as well as a statement on how confident you are on your estimates together with what would make you more confident.

Give examples of known knowns and known unknowns on your project and explain how you have budgeted for both, along with how you have budgeted for unknown unknowns.

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