Project Scope and Cost Estimate Many would argue that project management's biggest impacts occur at the beginning of a project and managing the cost of a project. The project in your case study has been approved by the stakeholders; you are now tasked with making a project scope and cost estimate. Review the case study.

Make a Project Scope indetailusing the case study. It should explain who the stakeholders are for the project, what the project goals are for this project, what is the background of this project (What is it purpose? Why even have this project?), its cost estimate (Explain what you found on the Cost Estimate below, do not cut-and-paste it), and expected time to completion. You can assume that the project will take5monthswith an initial cost estimate of $150,000.

Please DO NOT submit definitions of "Stakeholders," "Project Background," "Project Goals," and so on.

• Project Goals
• Project Background
• Stakeholders
• Cost Estimate
• Estimated Timeline

Make a Cost Estimate for this project using the template below. Use the work breakdown structure (WBS) in the case study and document your assumptions in preparing the cost estimate. Reminder: The WBS lists which tasks need to be finished in order to complete the project. Assume a labor rate of $100 per hour for the project manager and $60 per hour for other project team members. Assume a labor rate of $100 per hour for any outsourced work. Assume that the people working on this project are doing so part-time, since they have other projects or their regular duties to work on. Labor costs for users are not included, and there are no additional hardware costs. The total estimate should be near $150,000 and will not include the cost of acquiring the learning materials from the vendor.

Cost Estimate
Project Name:	Date:
Note: Enter your WBS and costs each month. Add/delete rows and columns as needed and check all formulas.
						Month
	1	2	3	4	5	6	7	8	9	10	11	12	Total Cost
WBS (Task list. List individual tasks)
(Enter your own WBS here - I urge you to use the one in the case study - and add tasks to any phase that does not have them)
1. Project management
2. Requirements definition
3. Vendor and course identification
4. HR software integration
5. Testing
6. Training, rollout, and support
7. Finalize and document all processes and procedures
Total	-	-	-	-	-	-	-	-	-	-	-	-	-

WBS Examples

S. No WES items 1 1.1 1.2 2 3 3.1 3.2 3.3 3.4 4 4.1 4.2 4.3 4.4 5 E T 8 Project Management Project manager Team Members Requirement Definition Website Design Registration for Recreational Programs Registration for Classes and Programs Tracking System incentive System Website Development Registration for Recreational Programs Registration for Classes and Programs Tracking System incentive System Testing Training, Rollout and Support Reserves {213% of Total Project 'Cost} Total Estimate