Question
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
- 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 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 |
- 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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