1. The table below shows the estimate for a project in which you have been assigned the project manager (PM). The previous PM was in the process of developing the cost estimate when she was promoted and asked to lead a more complex project. You were asked to take over and you jumped at it the opportunity to lead your first project. Your next deliverable as the new PM is to complete the cost estimate below. When completing the cost estimate youre expected to make some reasonable assumptions since you dont have all the facts. (20 points)
   1. What is your cost of testing? Note you can make any assumption but clearly state the assumption. (10 points)
   2. What is the total amount estimated for the flexible account? (10 points)

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Item Unit/Hrs Unit Cost Total Level Item Calculate % of cost allocated to each level item 240 80 1 PM PM Project teams members 19,200.00 33,600.00 480 70 2 Hardware Equipment T1 Equipment T2 200 300 60,000.00 32,000.00 4 8000 3 Software Development 50 100 5,000.00 4 Testing ? ? 5 Flexible account/buffer (Allocated to traveling, training, Team skill development, administration, and meeting) 6 Total Project Cost 198,750.00 Item Unit/Hrs Unit Cost Total Level Item Calculate % of cost allocated to each level item 240 80 1 PM PM Project teams members 19,200.00 33,600.00 480 70 2 Hardware Equipment T1 Equipment T2 200 300 60,000.00 32,000.00 4 8000 3 Software Development 50 100 5,000.00 4 Testing ? ? 5 Flexible account/buffer (Allocated to traveling, training, Team skill development, administration, and meeting) 6 Total Project Cost 198,750.00