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Assume you are either Mike or Josh, how would you go about making a decision using project management methodology? Looking first at only cost, what

  1. Assume you are either Mike or Josh, how would you go about making a decision using project management methodology?
  2. Looking first at only cost, what decision would you make?

Utilizing the cost breakdown structure described above, the following estimates were obtained for the four choices:

Country:

Spain

France

Vietnam

South Africa

Airfare[1]

1,800

1,500

2,800

2,100

In country Travel

80

100

40

80

Food/Lodging

1,060[2]

1,080[3]

78[4]

250[5]

Discretionary

200

250

175

200

mix

50

50

185[6]

250[7]

Contingency[8]

350

350

350

350

Total

$3,540

$3,330

$3,628

$3,230

  1. After cost, what other factors should be considered before making a decision?

[1] Airfare based on quoted flights from Minneapolis to capital city of specific country obtained from www.kayak.com Links to an external site..

[2] Based on estimates provided by http://www.solotravel.org/countrybudget.php?country=Spain Links to an external site.

[3] Based on estimates provided by http://www.solotravel.org/countrybudget.php?country=France Links to an external site.

[4] Estimates obtained from http://www.solotravel.org/countrybudget.php?country=Vietnam Links to an external site.

[5] Estimates obtained from http://www.solotravel.org/countrybudget.php?country=South-Africa Links to an external site.

[6] Includes entry visa and vaccinations

[7] Includes Park fees

[8] Based on 10% of planned budget.

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