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As Project Management student, assess the financial feasibility of a project by calculating the cost estimate of the following project that will be concluded in
As Project Management student, assess the financial feasibility of a project by calculating the cost estimate of the following project that will be concluded in 4 months duration, and local labor wages of 15 AED an hour:Labor man-hours is set to be 200,000 hrs. Equipments 125,000 AED, Materials 250,500 AED, Monthly site office is 250,000 AED Rent, and other direct expenses 65,000 AED. The overhead is 50% of Prime Cost. The project contingency should be 2%, escalation will be 10%, PC Sum is 200,000, and no mark up for profit. Part A Question: Calculate the Cost Estimation of the Project. Part B Question. If the project duration was reduced by one month and Labor was increased by additional 150,000 Man-hours, would the project cost less, same cost or more and why.
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