As a project manager on a product development team for a new line of iPads for the hearing impaired, you are asked to create a product development plan that addressed items (a) through (f) below. The product has been broken down into the following submodules.

Power supply

Mother board with microprocessor and RAM

Closed caption unit

Wireless Tx/Rx

LCD display

Mechanical parts

Enclosure

Miscellaneous assembly parts (logo, etc.)

Provide answers to the following.

(a) Develop an initial cost budget for the project to meet a target manufacturing cost of $500.

(b) Develop a test plan for the final product.