Budget Estimation.

Assessment 2: Project budget, schedule and resources Building on Assessment 1, you are a project manager for the case study, and are now required to prepare the relevant documentation for the project schedule, resources, budget and risk. Base your responses on current recommended practice, as described in contemporary literature and personal research into the industry of the Case Study. The focus is to be on the selection and application of appropriate theory, tools and techniques not how accurate your budget, schedule and resourcing are. Read your project case study carefully. As you work through these three tasks, identify any areas where you do not yet have sufficient information, and may need to ask further questions from your project sponsor. Prepare a schedule for the Case Study project, identifying the key milestones and resources required for successful completion of the Case Study project. Discuss the relative merits of the methods, tools and techniques used and compare t

Budget Estimation
WBS description Resource Direct
costs
Indirect
costs
Total
estimate
Method Additiona
l
informati
on
Pizza shop renovation AU$
27,500.
00
AU$
12,500.0
0
AU$
40,000.0
0
Bottom -up
estimation
N/A
Design phase AU$
5,000.0
0
AU$
000.00
AU$
5,000.00
Bottom -up
estimation
N/A
Undertaking meeting with
the workers of the store
Project
management
consultant
AU$
500.00
AU$
000.00
AU$
500.00
Bottom -up
estimation
N/A
Researching the problem Project
manager
AU$
500.00
AU$
000.00
AU$
500.00
Bottom -up
estimation
N/A
Identifying solution Project
management
consultant,
Project
manager
AU$
500.00
AU$
000.00
AU$
500.00
Bottom -up
estimation
N/A
Creating schematic design Designer AU$
3,500.00
AU$
000.00
AU$
3,500.00
Bottom -up
estimation
N/A
Procurement and delivery
phase
AU$
6,000.0
0
AU$
12,000.0
0
AU$
18,000.0
0
Bottom -up
estimation
N/A
Determining products and
services
Procurement
manager
AU$
400.00
AU$
000.00
AU$
400.00
Bottom -up
estimation
N/A
Hiring suppliers Procurement
manager,
AU$
300.00
AU$
000.00
AU$
300.00
Bottom -up
estimation
N/A
1 | P a g e

Project
management
consultant
Buying different types of
materials and equipment
Supplier AU$
000.00
AU$
12,000.0
0
AU$
12,000.0
0
Bottom -up
estimation
N/A
Performing quality
assurance
Quality analyst AU$
4,300.00
AU$
4,300.00
Bottom -up
estimation
N/A
Analyzing the results and
margins
Procurement
manager,
Project
management
consultant
AU$
1,000.00
AU$
1,000.00
Bottom -up
estimation
N/A
Construction phase AU$
6,500.0
0
AU$
500.00
AU$
7,000.00
Bottom -up
estimation
N/A
Completing the work of
flooring
Civil engineer,
Construction
manager
AU$
2,000.00
AU$
000.00
AU$
2,000.00
Bottom -up
estimation
N/A
Professional cleaning of
kitchen
Construction
manager
AU$
2,000.00
AU$
000.00
AU$
2,000.00
Bottom -up
estimation
N/A
Removing the shop from
rear area for providing
cooking space
Civil engineer,
Construction
manager
AU$
1,500.00
AU$
000.00
AU$
1,500.00
Bottom -up
estimation
N/A
Adding additional dining
space
Construction
manager
AU$
1,000.00
AU$
1,000.00
Bottom -up
estimation
N/A
Undertaking inspection Inspection
officer
AU$
000.00
AU$
500.00
AU$
500.00
Bottom -up
estimation
N/A
Installation phase AU$
10,000.
00
AU$
000.00
AU$
10,000.0
0
Bottom -up
estimation
N/A
2 | P a g e

Installation of air
conditioning system
Installer AU$
2,000.00
AU$
000.00
AU$
2,000.00
Bottom -up
estimation
N/A
Dust free painting Painter AU$
5,500.00
AU$
000.00
AU$
5,500.00
Bottom -up
estimation
N/A
Equipment installation Installer AU$
1,500.00
AU$
000.00
AU$
1,500.00
Bottom -up
estimation
N/A
Hardware and software
installation
Installer,
Quality analyst
AU$
1,000.00
AU$
000.00
AU$
1,000.00
Bottom -up
estimation
N/A
3 | P a g e