Project Management Question

Topic 8 - Review Exercises 1. A project manager works with her team to build the work breakdown structure (WBS) detailed below. Top down estimating by the senior leadership team resulted in: The project has been allocated a $1M budget The 'design' function has been allocated 30% of the budget. 300,000 The 'implement' function has been allocated 50% of the budget. 500,000 The 'test' function has been allocated 20%. 200,000 The percentage allocated to each function is allocated evenly between its work packages. Install HVAC System 13 1.1 Implement HVAC System Test HVAC System Develop HVAC Design 1.1.2 1.1.1 1.1.2 1.2.1 1.22 Provide HVAC Specifications Design HVAC System Inspect HVAC Design Install Vents / Conduit Install HVAC System (a) Calculate the function' and 'work package' estimates for this project. Write the budget under each "function' and 'work package'. (b) How could these estimates be refined if necessary