Develop cost and budget Develop cost and budget based on example.

Third Edition (page 275) Fourth Edition (page 292) Here is the pages from book.

Integrated Project 275 INTEGRATED PROJECT Developing the Cost Estimates and Budget Develop an in-depth cost estimate to support your initial project proposal narrative and scope statement, including the Work Breakdown Structure. Create a detailed justification of personnel costs, materials costs, overhead, and other forms of costs that are likely to accrue to your project. Be specific, particularly as regards personnel costs and commitment of time. For example, your cost table could look something like the following: Rate Total Cost Personnel Level Programmer Senior Sys. Analyst Junior *40-hour work week Loaded Labor-Weeks Rate Needed $49/hr 20 $31/hr 10 $35 $22 $39,200 $12,400 Remember that the loaded rate assumes that you include the organization's overhead expenses for each employee. A typical multiplier for this figure could run anywhere up to and over 100% of the employee's wage rate. Make sure the course instructor indicates the overhead rate you should apply for your project. So, using the senior programmer example above with a fully loaded rate and assuming an overhead multiplier of 1:40, we get:o Go to Settings to act ($49) (40 hrs) (20 weeks) (1.40) = $54,880 Time Needed (Hours/ week) 10 hrs/wk Duration (in weeks) 15 Total $ 6,783 20 hrs/wk 35 17,150 40 hrs/wk 50 77,000 10 hrs/wk 6 3,108 Sample Project Plan: ABCups, Inc. Fully Salary Loaded Resource (incl. Hour Rate Name Type Title Benefits) Rate ($) (Overhead = .40) Carol Safety Safety 64,600 32.30 45.22 Johnson Engineer Bob Hoskins Engineering Industrial 35,000 17.50 24.50 Engineer Sheila Management Project 55,000 27.50 38.50 Thomas Manager Randy Egan Management Plant 74,000 37.00 51.80 Manager Stu Hall Industrial Maintenance 32,000 16.00 22.40 Supervisor Susan Berg Accounting Cost 45,000 22.50 31.50 Accountant Marty Green Industrial Shop 24,000 12.00 16.80 Supervisor John Pittman Quality Quality 33,000 16.50 23.10 Engineer Sally Reid Quality Jr. Quality 27,000 13.50 18.90 Engineer Lanny Adams Sales Marketing 70,000 35.00 49.00 Manager Kristin Abele Purchasing Purchasing 47,000 23.50 32.90 Agent 15 hrs/wk 8 2,688 10 hrs/wk 12 3,780 10 hrs/wk 3 504 20 hrs/wk 25 11,550 20 hrs/wk 18 6,804 10 hrs/wk 16 7,840 15 hrs/wk 20 A9870te Goo Setti $147,077 Total Time-Phased Budget for ABCups, Inc. Oct. Nov. Dec. Jan. Feb. Mar. April May Totals 5,300 9,992 15,600 14,790 3,250 Work Packages June July Aug. Sept. Feasibility 2,500 Vendor Selection 7,678 3,934 1,960 3,934 Design 12,563 8,400 Engineering Prototype Testing Sales and Service Packaging Assembly Close-out Monthly Planned 10,178 3,934 14,523 12,334 Monthly Cumulative 10,178 14,112 28,635 40,969 12,745 1,467 7,250 4,467 2,434 2,500 17,506 26,263 40,382 23,245 7,842 11,185 11,800 6,354 1,908 650 8,101 1,676 9,234 890 1,198 2,088 141,921 9,884 15,292 18,040 56,261 74,301 29,812 14,151 104,113 118,264 11,685 129,949 139,833 5,156 5,156 147,077 147,077