WBS and Cost Budget Estimation for Construction of a New Building

Running head: WBS AND COST BUDGET ESTIMATION
WBS and Cost Budget Estimation:
Construction of a new building, state-of-the-art multimedia classroom
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1WBS AND COST BUDGET ESTIMATION
1. Cost Estimation Method
According to Bricola, Bilodeau and Beucher (2015), the use of the Top-Down Cost
Budget Estimation is very helpful for the alignment of the successive development of the
activities and alignment of the operations and it would help in easing the formation of the
resource usage analysis for summing the complete project budget. As opined by Ichoku and
Ellison (2014), the method would evaluate the project budget by considering the triangulation of
triple constraints of resources, time and money.
Yes, different types of methods should be used for different types of project and the
procurement method implied for the project. For example, the IT projects should be calculated
by the use of Top-Down Cost Budget Estimation, whereas the event projects should be
calculated by Bottom-Up Cost Budget Estimation.

2WBS AND COST BUDGET ESTIMATION
2. Work Breakdown Structure of Project
0
1
1.1
1.2
1.3
1.4
1.5
M1
2
2.1
2.2
2.3
2.4
M2
3
3.1
3.2
3.3
3.4
M3
4
4.1
4.1.1
4.1.2
4.1.3
4.1.4
4.1.5
4.1.6
4.1.7
4.1.8
4.1.9
M4
4.2
4.2.1
4.2.2
4.2.3
4.2.4
4.2.5
4.2.6
M5
5
5.1
5.2
5.3
5.4
M6
- Construction
of a new
building,
state-of-the-art
multimedia
classroom
- Initiation
Phase
- Planning
Phase
- Design
Phase
- Execution
Phase
-
Construction
Activities
-
Equipments
Installation
Activities
- Closing
Activities
- Analysing
the
requirements
of the project
-
Developing
Project
Initiation
Documents
- Forming
the Charter
Documents
-
Submission
of
documents
- Sign off
the
documents
- Project
Kick off
- Task List
is formed
- Activities
are
scheduled
via
scheduling
software
- Resource
Allocation is
done
- Complete
Plan is
developed
- Plan is
approved
- Client's
requirement
is analyzed
- Outline of
the design is
made
- Design
Simulation
- Complete
Design is
developed
- Design
Approval
- Classroom
Interior work
design is
made
-
Infrastructure
is developed
- LAN
wires are
spread
- 20
Computer
Desk are
made
- Station for
instructor is
developed
- Projector
Wires and
Screen are
made
- Chairs and
Other
infrastructure
are added
- Electric
Connetion
and Sockets
are added
- Fans,
Lights and
other
equipments
are added
-
Construction
is completed
- Computer
Systems are
installed
- Network
Switches
and Routers
are installed
- Projector
system is
installed
- Internet
Connection
is Installed
- Instructor
Station
equipments
are installed
- Mics and
Speakers are
installed
- Equipment
Installation
completed
- Quality
Testing and
Control
- Final
documentation
-
Submission
of
documents
- Sign off
the
documents
- Project is
Closed
Figure 1: WBS of the Project
(Source: created by the author)