The requirements for 1.2 Communication completed have been agreed to, and you now have to come...
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The requirements for 1.2 Communication completed have been agreed to, and you now have to come up with a cost estimate. Your team has determined the following quantity estimates, and you have good historical rates from previous projects. Activity Travel (per city) Quantity 6 Rate $ 3,000 $ Staff (hours) 100 50 Facilities (per city) 6 $ 500 Gifts for Attendees (per attendee) 100 $ 10 Presentation preparation (per city) 6 $ 200 Also, there are overheads. For the whole project, there is a 20% overhead to be added to the estimate. Additionally, based on experience you should add 10% for the event-related activities. Exercise Requirements • What is your estimate? • Why is the estimate different from the $25,000 In-person cost estimate used Exercise 2 for the selection of the communication alternatives? • Should you be concerned about the difference? The requirements for 1.2 Communication completed have been agreed to, and you now have to come up with a cost estimate. Your team has determined the following quantity estimates, and you have good historical rates from previous projects. Activity Travel (per city) Quantity 6 Rate $ 3,000 $ Staff (hours) 100 50 Facilities (per city) 6 $ 500 Gifts for Attendees (per attendee) 100 $ 10 Presentation preparation (per city) 6 $ 200 Also, there are overheads. For the whole project, there is a 20% overhead to be added to the estimate. Additionally, based on experience you should add 10% for the event-related activities. Exercise Requirements • What is your estimate? • Why is the estimate different from the $25,000 In-person cost estimate used Exercise 2 for the selection of the communication alternatives? • Should you be concerned about the difference?
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To calculate the cost estimate for the 12 Communication completed activity we need to consider the quantity estimates rates and overheads as provided ... View the full answer
Related Book For
Introduction to Management Science A Modeling and Cases Studies Approach with Spreadsheets
ISBN: 978-0078024061
5th edition
Authors: Frederick S. Hillier, Mark S. Hillier
Posted Date:
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