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The PM, project sponsor, and the Finance department have met and determined that 3 million US dollars is still the appropriate funding requirements to build
The PM, project sponsor, and the Finance department have met and determined that 3 million US dollars is still the appropriate funding requirements to build the new plant in the UK over a 2-year time period. After meeting, the team determined the following breakdown for the allocation of costs:
- The budget will be $1.5 million per year
- 20% is allocated to salaries each year
- 50% is allocated to construction, upfitting, and purchase of land per year
- 20% is allocated for equipment purchases per year
- 10% is allocated for contingency reserve per year
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