Question: The ROBSYS project will acquire and install a simple robotics system to be used by students in an industrial engineering program. The students will use

The ROBSYS project will acquire and install a

The ROBSYS project will acquire and install a simple robotics system to be used by students in an industrial engineering program. The students will use the robotics system to model simple manufacturing processes. The scope of this project includes the development of an overall system design. Additionally, this project will require the purchase, assembly, installation and test of the hardware. The robotic system is operated by software. This project scope includes the development of software specifications as well as the purchase, installation and test of the software upon delivery. The entire system will need to be tested before the students are allowed to use it. Then selected students will participate in user testing. Additionally, the project will need to develop training materials to familiarize students with the operation of the robotics system. Your team has worked very well together to prepare the cost estimate and schedule for the ROBSYS project. Let's review some of the good work prepared by the team. Activity Total Start Date Direct Labor (IS) Direct Labor (PUR) Direct Materials Overhead (.75*DL) G&A (.1*DL) Finish Date Direct Labor (IE) 31 Mar 7200 30 Apr 15 May 11200 31 May 4400 31 May 31 May 1 Mar 1 Apr 1 May 15 May 1 Apr 1 May 1100 14111 124050 2641 1427 5400 825 8400 3300 8325 975 720 110 1120 440 1110 130 27431 126085 23361 9567 20535 92105 11100 1300 89700 A. System Design B. Hdwe Pur & Del C. Hdwe Assy & Ins D. Hdwe Test E. Software Spec F. Software Pur / Del G. System Test H. User Test I. Prep Trng. Matr. J. Conduct Trng. K. Project Mgmt. TOTAL 1200 220 15 Jun 1 Jul 15 Jul 15 Aug 1 Mar 30 Jun 31 Jul 15 Aug 31 Aug 31 Aug 1000 1600 800 1200 12000 39400 1650 1200 600 900 9000 40575 160 80 120 1200 5410 4070 2960 3880 2220 22200 334414 12300 2400 234329 (a) Prepare a time-phased budget for this project. Be sure to include monthly and cumulative budget values. MAR APR MAY JUN JUL AUG Activity A F G - K MAR APR MAY JUN JUL AUG Monthly Cumulative (b) Every good cost estimate is built upon several important assumptions. Identify several assumptions you might need to make in order to prepare a cost estimate for this project. 1. 2. 3. 4. 5. 6. 7. 8

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