Objective - Estimate an activity cost Calculate contingency reserves Calculate management reserves Calculate the cost Calculate the total project budget The Travel Mug Website Background The Travel Mug is a new product company that is growing. It is recognized as a quality mug with great thermal insulation and is offered in different sizes and multiple colors. This product for a long time has served a small customer base from the owner's garage with great success and in recent months the decision has been made to begin looking to expand outside of their immediate area using a website. Project Description The owners are focused on offering their customers an added value beyond the function of the mug. A website development project has been decided to begin which will be the coming year's priority plan. The owners look forward to networking with their customers by taking them into a social platform. This will allow customers to share their opinions for new products or experiences while they use their mugs. The hope for website, it is to keep the customers close even though they may be far away from the roots of the small-town garage. Majority Owner The majority owner has hired a consulting firm that focuses with the design and development of websites. Development Costs The status is shown in the following pages. Cost Chart (Work Packages) \begin{tabular}{|l|l|l|} \hline 1.4 .2 .3 & Help Menu & $500.00 \\ \hline 1.4 .3 .1 & Formation & $800.00 \\ \hline 1.4 .3 .2 & Support Team & $400.00 \\ \hline 1.4 .3 .3 & Potential Users & $2,000.00 \\ \hline 1.4 .3 .4 & Final Users & $400.00 \\ \hline 1.5 .1 .1 & Provider Selection & $200.00 \\ \hline 1.5 .1 .2 & Hardware Purchase & $4,000.00 \\ \hline 1.5 .2 .1 & Provider Selection & $200.00 \\ \hline 1.5 .2 .2 & Software&HostingPurchase & $6,000.00 \\ \hline 1.5 .3 .1 & Implementation Plan & $800.00 \\ \hline 1.5 .3 .2 & Recruitment & $400.00 \\ \hline 1.5 .3 .3 & ImplementationComponent & $200.00 \\ \hline 1.5 .4 .1 & Software/HardwareIntegration & $400.00 \\ \hline 1.5 .4 .2 & Application Install & $400.00 \\ \hline 1.5 .4 .3 & SystemTransfertoEndUser & \\ \hline \end{tabular} As shown in the table, the user manual work package cost estimation is still pending (TBD). The details of the activities comprised in this work package are as follows: Write Document Technicians develop the main content of the report with technical specifications adding flow diagrams in the previous packages. Templates are available for the document development. One person can do this activity in three working days at a cost of $120 per day. Review Style This is a common practice when the product is designed. One person will be hired at a total cost of $500 to complete the job. Diagram Document A graphic design professional who oversees the diagramming of all documents developed. Fee is a fixed amount of $280 per document. Print 3 Copies The press company charges $5 per page. Each document has 124 pages, and 3 copies are required. Directions Based on the information given: 1. Complete the missing information in the chart below. Calculate the User Manual package based on the calculation of the cost for each one of the previous activities. 2. Complete the chart given below. Calculate a total contingency reserve equal to 10% of the estimated cost of the deliverables (design, development, and implementation). Quality assurance and training, estimate 3% of the estimate as the contingency reserve. 3. Fill in the following chart Calculate the management reserve as 5% of the total cost estimate for the project budget. 4. Fill in the following chart with the corresponding costs. Calculate for the total project budget. Submission Submit the last two pages only for credit