MGT5PMT Project Assessment: Royale Pizza Renovation Budget & Planning

This project focuses on the renovation of Royale Pizza, detailing the budget estimation, project scope, and overall goals. The budget estimation utilizes a bottom-up approach, considering direct and indirect costs across various phases, including renovation, design, procurement, construction, and painting/installation. Key milestones are identified to track progress. The project scope statement outlines deliverables, acceptance criteria, exclusions, constraints, and assumptions. The project delivery lifecycle methodology discusses the stages, methods, and processes for monitoring and controlling the project to ensure successful completion, with success measured by achieving project goals within the defined scope and budget. The document provides a comprehensive overview of the project management aspects involved in the Royale Pizza renovation.

Budget Estimation
WBS Resource Direct
Costs
Indirect
Costs
Total
Estimate
Method
Addition
al
Informat
ion
Renovation of Royale
Pizza shop
$29,000.00 $11,000.00 $40,000.00 Bottom-up
estimation
N/A
Project design phase
$5,000.00 $5,000.00 Bottom-up
estimation
N/A
Identification of
business needs
Project management
consultant
$1,800.00 $1,800.00 Bottom-up
estimation
N/A
Proper design for
blueprint
Designer $3,200.00 $3,200.00 Bottom-up
estimation
N/A
Providing approval for
the project
Sponsor $0.00 $0.00 Bottom-up N/A
1 | P a g e

estimation
Milestone 1: Design
phase completion
$0.00 $0.00 Bottom-up
estimation
N/A
Procurement and
delivery phase
$18,000.00 $18,000.00 Bottom-up
estimation
N/A
Procurement need
identification
Contractor, Procurement
manager
$5,000.00 $5,000.00 Bottom-up
estimation
N/A
Project suppliers
identification
Procurement manager,
Additional cost[1]
$6,000.00 $6,000.00 Bottom-up
estimation
N/A
Understanding the
price of the materials
Sponsor $0.00 $0.00 Bottom-up
estimation
N/A
Material purchase
Procurement manager,
Equipment supply[1]
$5,000.00 $5,000.00 Bottom-up
estimation
N/A
Receipt and inspection
Construction manager,
Shop supervisor
$2,000.00 $2,000.00 Bottom-up
estimation
N/A
Milestone 2:
Completion of
procurement and deliver
$0.00 $0.00 Bottom-up N/A
2 | P a g e

phase estimation
Construction phase
$7,000.00 $7,000.00 Bottom-up
estimation
N/A
Finishing the flooring
work
Construction manager,
Contractor, Project
manager
$3,000.00 $3,000.00 Bottom-up
estimation
N/A
Compressor capacity
increment
Installer, Construction
manager
$2,000.00 $2,000.00 Bottom-up
estimation
N/A
Proper cleaning
kitchen
Cleaner, Construction
manager
$1,000.00 $1,000.00 Bottom-up
estimation
N/A
Buying of various
equipment’s
Contractor, Project
manager
$1,000.00 $1,000.00 Bottom-up
estimation
N/A
Milestone
3:Completion of
construction phase
$0.00 $0.00 Bottom-up
estimation
N/A
Painting or installation
$10,000.00 $10,000.00 Bottom-up
estimation
N/A
3 | P a g e

Installation of air
condition
Technical analyst,
Installer
$4,000.00 $4,000.00 Bottom-up
estimation
N/A
Dust free painting
Installer $6,000.00 $6,000.00 Bottom-up
estimation
N/A
Milestone 4:
Completion of painting
and installation
$0.00 $0.00 Bottom-up
estimation
N/A
4 | P a g e