Cost Management in Sunshine Coast Airport Construction Project

Running head: PROJECT MANAGEMENT
Case Study- Sunshine Coast Airport
Name of the Student
Name of the University
Author’s Note

1
PROJECT MANAGEMENT
Table of Contents
8. Cost /budget management......................................................................................................2
8.4 Estimated cost..................................................................................................................2
8.5 Cost baseline..................................................................................................................10
8.5.1 Cash Flow................................................................................................................10
8.5.2 Contingency and specific exclusion........................................................................11
8.5.3 Reporting.................................................................................................................11
8.6 Cost monitoring and control...........................................................................................11
8.7 Cost change control........................................................................................................12
8.8 Cost Closing...................................................................................................................12
Bibliography.............................................................................................................................14

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PROJECT MANAGEMENT
8. Cost /budget management
8.4 Estimated cost
It is found that in order to construct the runway for the Sunshine Coast Airport, the
council requests the Common wealth Government for investing $122 million. It is analyzed
that the construction of the runway for the Sunshine Coast Airport would be estimated to get
completed within the budget that is around $ 121,582,480.00. The table that is provided
below reflects on the cost that is needed for executing each of the activities of the project.
Task Name Duration Start Finish Predecessors
Resource
Names
Cost
Construction
of runway in
Sunshine
Coast Airport
572 days
Mon 22-
10-18
Tue 29-12-
20
$
121,582,480.00
Initiation
phase
95 days
Mon 22-
10-18
Fri 01-03-
19
$ 73,800.00
Business
case
development
20 days
Mon 22-10-
18
Fri 16-11-
18
Project
manager
$ 9,600.00
Undertaking
feasibility
22 days Mon 19-11-
18
Tue 18-12-
18
2 Financial
manager,
Project
$ 17,600.00

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PROJECT MANAGEMENT
study of the
project
planner
Establishing
project charter
26 days
Wed 19-12-
18
Wed 23-
01-19
3
Project
manager,
Project
planner
$ 23,920.00
Appointment
of team
members
27 days
Thu 24-01-
19
Fri 01-03-
19
4
Project
manager,
HR.
manager
$ 22,680.00
Milestone
1: Performing
phase review
0 days
Fri 01-03-
19
Fri 01-03-
19
5 $ 0.00
Planning
phase
137 days
Mon 04-
03-19
Tue 10-09-
19
$ 82,000.00
Development
of project plan
25 days
Mon 04-03-
19
Fri 05-04-
19
5
Project
manager,
Project
planner
$ 23,000.00
22 days Mon 08-04- Tue 07-05- 8 Hr. manager $ 7,920.00

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PROJECT MANAGEMENT
Development
of resource
plan
19 19
Development
of financial
plan
20 days
Wed 08-05-
19
Tue 04-06-
19
9
Financial
manager
$ 7,200.00
Development
of quality plan
25 days
Wed 05-06-
19
Tue 09-07-
19
10
Quality
analyst,
Team
members
$ 18,000.00
Development
of risk
management
plan
23 days
Wed 10-07-
19
Fri 09-08-
19
11
Risk
manager
$ 8,280.00
Development
of
communication
22 days Mon 12-08-
19
Tue 10-09-
19
12 Hr.
manager,
Project
$ 17,600.00

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PROJECT MANAGEMENT
plan planner
Milestone
2: Completion
of planning
phase
0 days
Tue 10-09-
19
Tue 10-09-
19
13 $ 0.00
Designing
phase
72 days
Wed 11-
09-19
Thu 19-
12-19
$ 75,160.00
Developing
design for the
development
of runway
27 days
Wed 11-09-
19
Thu 17-10-
19
13
Contractor,
Team
members
$ 20,520.00
Completion of
the design
20 days
Fri 18-10-
19
Thu 14-11-
19
16
Contractor,
Supervisor,
Sub-
contractor,
Team
members
$ 30,400.00
Cross-
checking of the
design
18 days Fri 15-11-
19
Tue 10-12-
19
17 Supervisor,
Quality
analyst, Risk
$ 20,880.00