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.
2. What is your cost of testing? Note you can make any assumption but clearly state the assumption.
3. What is the total amount estimated for the flexible account?

Level Item	Item	Unit/Hrs	Unit Cost	Total	Calculate % of cost allocated to each level item
1	PM
	PM	240	80	19,200.00
	Project teams	480	70	33,600.00
	members
2	Hardware
	Equipment T1	200	300	60,000.00
	Equipment T2	4	8000	32,000.00
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