1. The cost estimate for the assigned project is done. (Please see the picture attached)
2. I need help writing a brief memo to the project sponsor informing them of the estimated cost of the project.
3. Be sure to provide the sponsor with details regarding the estimate. For example, you might include information on the type of estimate, provide details on how you will report variances to the estimate, and provide a breakdown of costs that comprise the estimate.
4. The purpose of your memo should be clearly stated in the first paragraph. You should also be sure to close the memo properly by stating any follow-up actions, next steps, or offer your contact information for questions.

Facebook Website Design Project Detailed Estimated Cost Work Effort Rate Estimated Cost Actual Cost at Account Reporting Code Cost Category Description Date 101 Labor Costs Project Manager 512 hrs $75/hr $40,200 $38,400 102 Project Team 1944 hrs $75/hr $150,100 $145,800 103 Project Consultant 128 hrs $150/hr $19,600 $19,200 104 Development Support 224 hrs $200/hr $45,200 $44,800 105 Risk Experts 168 hrs $150/hr $26,000 $25,200 Lenovo Server 1 SR860 $14,200 201 Hardware Costs V3 Rack $14,250 Lenovo Server 2 SR630 $7,900 202 Rack $7,887 Lenovo Server 3 SR630 $7,900 203 Rack $7,887 Lenovo Server 4 SR630 $7,900 204 Rack $7,887 Software and $3,000 301 Licenses Facebook API Licensing $3,000 Development Software $10,000 302 and Tools $9,580 401 Infrastructure Hosting Services $15,000 $15,000 402 Database Services $10,000 $10,000 Facebook Ads and $25,000 501 Marketing Promotion $24,800 Miscellaneous $7,500 601 Costs Legal and Compliance $7,500 Project Management $2,000 602 Software $2,040 Contingency 10% $383,231 = Reserve 10% of Total Direct Cost $38323 Total Estimated $429,823 Project Cost Total Project Cost $383,231 $(429,823 - 383,231) = Total Variance $46,592