Develop cost and budget

Develop cost and budget based on example.

Third Edition (page 275) Fourth Edition (page 292)

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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: Loaded Labor-Weeks Personnel Level Rate Rate Programmer Senior $35 $49/hr Sys. Analyst uo $22 $31/hr *40-hour work week Needed 20 10 Total Cost $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 getio Go to Settings to act ($49) (40 hrs) (20 weeks) (1.40) $54,880 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: Loaded Labor-Weeks Personnel Level Rate Rate Programmer Senior $35 $49/hr Sys. Analyst uo $22 $31/hr *40-hour work week Needed 20 10 Total Cost $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 getio Go to Settings to act ($49) (40 hrs) (20 weeks) (1.40) $54,880