Discussion: Estimate Cost

Imagine a project to develop a dashboard that will help senior management monitor the organization's key performance indicators. In creating the project schedule, it was determined that the project would require a duration of 11 elapsed working days, e.g., if the project started on June 15, 21320, it would finish by the end of June 29, EGED. Now it is time for you to estimate the project's cost budget baseline, using the following information: I For each day of the project, there will be a full-time management consultant and fulltime user experience designer. The direct labor costs are $56K) per day for the management consultant and $4013 per day for the user experience designer. I In addition, a project managerwill spend an ayerage of 2 hours per day managing this project. The direct labor costs are $SU per hour for the project manager. I Assume $4,GDG of other direct costs, e.g._. projectspecific expenses such as software, hardware, and the end of project party I Assume the project is assessed 2G% of its total direct costs for indirect costs that are shared across all projects, e.g., janitorial seryices, utilities, etc. I Finally, to address identified risks that may or may not materialize {"knownunknowns"j include a contingency reserve of 15% of all other estimated costs This problem has a single right answer. Show your work and document any assumptions, i.e., things you assumed are true that may or may not be. Your score will be based mostly on effort