Develop and aggregate the cost of resources needed to complete each activity, and determine the detailed budget of the project. Your cost estimation must incorporate relevant resources given in Table 3 for each phase of the given activities. Develop and justify the resource allocation and cost management planning components in your Cost Management Plan.

Table 2: Budget Allocation Suggestion Project phases Budget percentage Phase 1 10 Phase 2 15 Table 3: Staffing Mix in FTl Position / Rate / Name Full time / Part time Hourly rate Paid (AUD$) Hourly rate Charged (AUD$) Senior Project Manager Project Manager Risk Consultant Compliance ofcer Graphic designer System / Process merger Senior Project Ofcer Project all-rounder