Question
Besides his professional life, Tom is also active in his local community. Several weeks ago, the local council where he lives organised a community project
Besides his professional life, Tom is also active in his local community. Several weeks ago, the local council where he lives organised a community project called Neighbourhood Watch in response to an increase in crime within his suburb. Members of the council have heard about Tom and his job as a Project Manager for ABC Telecom. After several meetings, Tom was asked to become the Project Manager for the Neighbourhood Watch project, which he gladly accepted. According to the project scope, the Neighbourhood Watch project is expected to last 50 weeks and will involve training a number of community members. The following categories of expense items have been identified: 1) Project Resources Program Coordinator: 1,000 hours @ $35 per hour, spread over 50 weeks Program Administrator: 200 hours @ $25 per hour, spread over 50 weeks Postage/Printing for 1,000 brochures @ $1 each, spent in the week 1 Banner for the training venue cost $150, spent in week 4 Special Equipment for distribution to 100 homes @ $100 each, spent in week 20 Two computers with software pre-loaded for the Administrator and the Coordinator @ $1,200 each, spent in week 1 One Printer @ $500, spent in week 2 2) Training expenses First aid course fee with kits for 300 community members @ $100 each, given to First Aid Training Institute in week 10. Hiring a community hall for training, for 50 hours @ $20 per hour, 2 hours per week from week 10 to week 34. In his first day as Project Manager, Tom decides to calculate an estimate of how much the project might cost. Assume you were Tom, calculate the value for each of the following cost items: a) Non-recurring costs [2.5 Marks] b) Indirect Recurring costs [2.5 Marks] c) Direct Recurring costs [2.5 Marks] d) Total cost of the project [2.5 Marks] To receive full marks, you must show your steps clearly.
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