In this assignment, you will be creating a detailed budget for your project that is in a suitable format to be presented to third parties, including your project sponsor or executives.
Leverage the template found in figure 7.1 of your textbook.
Prepare the detailed budget in MS Word document or Excel.
in estimating the costs of similar items for future projects. TUTA COSTS $780 2.600 8.200 1,300 FIGURE 7.1 Estimated Activity Costs for Consumer Market Study Project WORK LABOR LABON MATERIALS TRAVEL ACIMITI DATS RATE COSTS COST COSTS 1. Identify Target Consumers Susan $260 $780 2. Develop Draft Questionnaire Susan 10 260 2,600 3. Pilot Test Questionnaire Susan 20 260 5.200 $3.000 4. Review Comments & Finalize Susan 5 260 1.100 Questionnaire 5. Prepare Mailing Labels Steve 2 200 400 6. Print Questionnaire Steve 1 200 200 $1,700 7. Develop Data Analysis Software Andy 12 300 3.600 8. Develop Software Test Data 2 260 520 9. Mal Questionnaire & Steve 5 200 1.000 7.00 Get Responses 10. Test Software Andy 5 300 1.500 11. Input Response Data 2.800 12. Analyse Results Tim 400 1200 13. Prepare Report 10 90 $27.100 $9.500 $2.000 400 1.900 520 RUNDO 800 1.500 2.800 3.200 599,000 a n experienced individual to estimate the cos or all the activities for which that organizatio r subcontractor is responsible. If rganization or contractor has performed simila rojects in the past and has kept records of th ctual costs for various items, these historic ata can be used as a guide in estimating th osts of similar items for future projects. FIGURE 7.1 Estimated Activity Costs for Consumer Market Study Project Senty Term 2 De TO DBXX1 XARXA ge re T. Despre Andy De San Tel Mul Campo 10 Te And . . IR 8888 The estimated costs for an activity should easonable and realistic. They should not be s eavily "padded that they include reserve fun or every conceivable thing that might come u -r go wrong. If cost estimates are overl onservative, the total estimated cost for th roject is likely to be more than the sponsor ustomer has budgeted for the project. On th ther hand, if estimated costs are over! ntimistic and some unexpected expenditure in estimating the costs of similar items for future projects. TUTA COSTS $780 2.600 8.200 1,300 FIGURE 7.1 Estimated Activity Costs for Consumer Market Study Project WORK LABOR LABON MATERIALS TRAVEL ACIMITI DATS RATE COSTS COST COSTS 1. Identify Target Consumers Susan $260 $780 2. Develop Draft Questionnaire Susan 10 260 2,600 3. Pilot Test Questionnaire Susan 20 260 5.200 $3.000 4. Review Comments & Finalize Susan 5 260 1.100 Questionnaire 5. Prepare Mailing Labels Steve 2 200 400 6. Print Questionnaire Steve 1 200 200 $1,700 7. Develop Data Analysis Software Andy 12 300 3.600 8. Develop Software Test Data 2 260 520 9. Mal Questionnaire & Steve 5 200 1.000 7.00 Get Responses 10. Test Software Andy 5 300 1.500 11. Input Response Data 2.800 12. Analyse Results Tim 400 1200 13. Prepare Report 10 90 $27.100 $9.500 $2.000 400 1.900 520 RUNDO 800 1.500 2.800 3.200 599,000 a n experienced individual to estimate the cos or all the activities for which that organizatio r subcontractor is responsible. If rganization or contractor has performed simila rojects in the past and has kept records of th ctual costs for various items, these historic ata can be used as a guide in estimating th osts of similar items for future projects. FIGURE 7.1 Estimated Activity Costs for Consumer Market Study Project Senty Term 2 De TO DBXX1 XARXA ge re T. Despre Andy De San Tel Mul Campo 10 Te And . . IR 8888 The estimated costs for an activity should easonable and realistic. They should not be s eavily "padded that they include reserve fun or every conceivable thing that might come u -r go wrong. If cost estimates are overl onservative, the total estimated cost for th roject is likely to be more than the sponsor ustomer has budgeted for the project. On th ther hand, if estimated costs are over! ntimistic and some unexpected expenditure
