Project Management Chapter 5: Estimating Project Times and Cost ......

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Q4. Answer the below questions. a) Briefly explain the Apportion method and discuss when it is applied. I- b) Given the below WBS of the "e-Commerce Website for Eureka" project, calculate the cost for each of the project deliverables. ( e-Commerce Website for Eureka Defining and Planning Closing Executing Status Changes Forecasts reports Kick-off meeting Schedules Risks Staffing Train customer Transfer documents Below are provided the cost details: Total Cost: 100 000 KWD Defining and Planning (30%) Kick-off meeting (2%) Schedules (4%) Risks (4%) Staffing (20%) Executing (50%) Status reports (5%) Changes (40%) Forecasts (5%) Closing (20%) Train customer (10%) Transfer documents (10%) . . Top-Down Approaches for Estimating Project Times and Costs Consensus methods Top-Down Estinin Ratio methods Penang Change Manage Wartore IN . Apportion method Extension of Ratio Method AN Cand home Use Historical Data for previous projects . Learning curves 12 Apportion Method of Allocating Project Costs Using the Work Breakdown Structure Total project cost $500,000 Produce CD Design 20% 100,000 Program 30% 150.000 Test 40% 200,000 Document 5% 25.000 5% 25,000 Doc-1 D-1 10% 50,000 D-2 P-1 P-2 10% 20% 5% 50,000 || 100,000|| 25,000 P-3 5% 25,000 2% Doc-2 3% 15.000 CD-1 5% 25,000 10,000 T-1 10% 50,000 T-2 T-3 10% 20% 50,000 || 100,000