Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question: 1. Cash Flows, as both table and graph 2. Total price of the bid 3. Histogram of labor resources over the life of the

image text in transcribed

Question: 1. Cash Flows, as both table and graph

2. Total price of the bid

3. Histogram of labor resources over the life of the project.

image text in transcribedimage text in transcribedimage text in transcribed
Team Project: Bid To Conduct A Research Project Prepare a bid that incorporates a project plan for conducting the following research project with the employees and items provided below. Assume that Katherine Stone will be the laboratory manager and has a charge rate of $2,700 per week. Assume that the company seeks a profit of 7% of the total costs before taxes. The various indirect and overhead cost factors are indicated below. Include the following in your bid: Percentage of Grade Project Management Plan (SI) Executive summary and outline (5) Statement of objectives (5) Work Breakdown Structure (10) Project Organization, with linear responsibility chart (10) Activity on node network with critical path indicated (10) A Gantt chart of the early-start schedule (10) Cash flows, as both a table and a graph (10) Total price of the bid (5) A histogram of labor resources over the life of the project (10) Risk analysis and contingency plan (10) TOTAL: 100% Charts, diagrams and graphs may be drawn with project management software packages or with software such as PowerPoint, Visio, or Excel; they are not to be hand drawn. Be sure to title and label all charts and graphs clearly. List assumptions and provide explanations to accompany the charts and graphs. Please submit the response as a single document with page numbers and a table of contents. Unlike previous assignments, scheduling software packages are permitted. The program you use is your choice. Vestibular Research Project You should prepare a bid for a contracting research group to conduct the research study to compare traditional physical therapy for vestibular disturbances to using virtual reality with drug treatment. You are bidding on all research, data collection, labor, and analysis of the data. The drug manufacturer is seeking this "clinical trial" comparison of their new drug, Vestibia, as they believe it's use in conjunction with virtual reality treatment will provide enhanced treatment for those with vestibular disturbances. The drug maker is very concerned about getting their drug on the market as soon as possible, so they want a firm time commitment for the completion of this research project. Their budget is limited, so overtime, premium pay, or weekend work will not be approved. This means planning on one shift per day, 8 hour work days, and a standard 5 day work week. No holidays will betaken for completing the project. The job activities are shown below as well as the precedence list, labor rates, and equipment/supplies. The start date for the project is 17 October 2022. Additional information to help with estimating cost: . Indirect labor cost = 70 percent of direct labor plus equipment rental cost . Overhead Cost = $1,500/week General and Administrative Cost = $1,900/week Customary to allow 15 percent of the total estimated cost for contingencies. List of employee abbreviations: OH: overhead, no additional employee costs PI: principal investigator Co-i: Co-investigator (there are 3 people) GS: general scientist PT: physical therapist EE: engineer ST: science technician IN: intern Task Task Name Duration Predecessors Resource Names number 1 receipt of funding for 1 wk OH project 2 distribution of 1 wk 1 OH fund 3 planning 1 wk 1 PI,co-i1,co-12,co-13 meeting 4 Existing clinical protocol review 2 wks 3,2 co-i1,gs1,gs2 5 evaluation of 4 wks patients 4FS+6 wks gs1,gs2,pt1,pt2,pt3 6 modification of 4 wks 5 co-i1,gs1,gs2 protocol 7 reassessment 8 wks 6 of outcomes gs1,gs2,pt1,pt2,pt3 data analysis 3 wks 17 gs1,gs2 New equipment 26 wks 3 co-12,co-13 [50%],PI installActivity/Task Material/ Equipment Cost 5 Treadmill $500/wk for supplies 5 Gait rite $500/wk rental cost + $250/wk in supplies 6 Treadmill $500/wk for supplies 9 Virtual Reality System $300/wk for supplies (Equipment is provided) 10 Computer upgrades $3000 one time cost 11 Software updates $4000 one time cost 14 Virtual Reality System $300/wk for supplies 15 Virtual Reality System $300/wk for supplies 18 Virtual Reality System $300/wk for supplies Treadmill $500/wk for supplies For one time costs, spread costs equally across all weeks for which it is used for the activity. Question: 1. Cash flows, as both a table and graph 2. Total price of the bid 3. Histogram of labor resources over life of project

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Management In The Hospitality Industry

Authors: Clayton W Barrows, Tom Powers

7th Edition

9780471782766

More Books

Students also viewed these General Management questions

Question

What are the parameters in a simple linear regression model?

Answered: 1 week ago