You work for Sparkle Party Planning Corporation, which is a company that plans major events such as weddings, birthday parties, retirement celebrations, etc. Your boss just assigned you the lead project manager for the launch party of a new toy that will be unveiled for the very first time at the party. Your client owns an exquisite toy boutique. The client expects the launch party to be posh and exquisite. As the lead project manager, your client will expect you to make a project plan that outlines each step of the party planning process (concept, planning, design and development, implementation, closeout.) You will need to be prepared to present each phase of the planning process to the client.

The cost estimation process and the techniques used vary widely; however, any seasoned project manager knows that the accuracy of determining a project's cost relies on a defined project scope. As you work through your project development, your scope becomes better defined allowing your estimated values to be more accurate.

In this portion of the project , you must make an Expense Report. Your estimate is how much you and your client settled on. Be sure to include your estimated and actual costs. Your actual costs are how much each deliverable actually cost you. Below you will find an example of what your Expense Report might look like: