Project Cost MANAGE PROJECT COST Manage Project Cost of the University Author
Added on 2021-04-17
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Running head: MANAGE PROJECT COSTManage Project CostName of the StudentName of the UniversityAuthor Note
1 MANAGE PROJECT COSTTable of ContentsProject 1...............................................................................................................................2Project 2...............................................................................................................................82.1. Master Budget...........................................................................................................82.2. Operating Budget......................................................................................................92.3. Financial Budget.....................................................................................................102.4. Cash Flow Budget...................................................................................................112.5. Static Budget...........................................................................................................12Observation Report............................................................................................................13References..........................................................................................................................15
2 MANAGE PROJECT COST Project 1Fred’s shed received a project from Mr. Jones for building a large storage shed on hisproperty. Mr. Jones has asked for the quote of designing and implementation of the project. Thedifferent activities and the works that are needed to be completed while implementing thisproject is mentioned in the work break down structure of the project along with the projectbudget and the resource requirements (Mir & Pinnington, 2014). The project work will bestarting in six week and should be completed within 3 weeks time and therefore, the projectbudget is prepared accordingly (Walker, 2015). The expected start date for the project is 2 May,2018. The work breakdown structure of the project is as follows- Fred’s ShedWork Breakdown Structure TaskNumber/IDTaskDescriptionPredecessorsTimeResourcesCost0Fred's Shed Construction20 days$40,000.001 Project starts0 daysContractor Fred $0.002 Requirement Analysis and Project Planning$1,845.003 Site inspection and setting up a meeting with Mr. Jones for design requirements of the shed13 hrsContractor Fred , Planner and subcontractors $705.004 Estimation of the materials needed and sharing the estimation with 34 hrsContractor Fred , Planner and subcontractors$940.00
3 MANAGE PROJECT COSTMr. Jones5Documentation and payment received for staring the work44 hrsPlanner and subcontractors$200.006 Designing theShed$3,200.007 Developing a design for the shed as per requirements of Mr. Jones58 hrsContractor Fred ,Designer Karen$2,360.008 Sharing the design with client for approval72 hrsContractor Fred , Planner and subcontractors$470.009 design approval and preparation for next phase82 hrsContractor Fred $370.0010 Preparing thesite$2,190.0011 Checking the service cableunderground97 hrsConstruction Workers, Planner and subcontractors$700.0012 Site clearance after locating the boundaries of the site115 hrsSurveyor, Construction Workers, Planner and subcontractors$890.0013 Temporary site facilities installation1212 hrsConstruction Workers$600.0014 Implementingthe Project$15,985.0015 Booking of council inspection for starting excavation works131 hrCouncil Inspector, Contractor Fred ,Team members $325.0016 Booking truck for concrete151 hrConcrete truck [1],Contractor Fred , Planner and subcontractors$10,235.00
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