CGI, well known IT project company in Toronto. It handles all the top most IT projects of Banking & Financial institution. RBC Bank, is one of their clients and they want to come up with change in the Internet banking system, owing to recent frauds and hacking by the unscrupulous elements. It has approached the CGI to re-construct their internet bank system with focus on the security aspects of their site. This project is going to be a Agile based and a web based project.

RBC has signed an agreement with CGI and the terms and conditions are as follows:

• Scope of the project: Redesign the internet banking Web based project adding more features to security to arrest internet banking frauds.
• Fee charged by CGI: $ 1.4 Million Dollars
• Expected Time period: 6 Months starting 24^th June, 2022.

You are the Project Manager of this project and CEO of CGI, Mr. Royce has given the target of making 40% of profit on the total fee charged on RBC. Design the Cost/Budgeting as to how much do you spend and provide minimum 8 to 10 Direct and In-Direct costs you would like to allocate. make a cost estimation for this