XXX Project Cost Estimate Prepared by: Date: Note: Change the WBS items and other entries to meet your project needs. This data is from Figure 7-1 of Schwalbe's text Information Technology Project Management, Fourth Edition. Also make sure the formulas work properly based on the data you enter. # Units/Hrs. Cost/Unit/Hr. Subtotals WBS Level 1 Totals % of Total WBS Items 1. Project Management $306,300 20% 1.1 Project manager 960 $100 $96,000 1.2 Project team members 1920 $75 $144,000 Contractors (10% of software development and testing) $66,300 2. Hardware $76,000 5% 2.1 Handheld devices 100 $600 $60,000 2.2 Servers 4 $4,000 $16,000 3. Software $614,000 40% 3.1 Licensed software 100 $200 $20,000 3.2 Software development* $594.000 4. Testing (10% of total hardware and software costs $69,000 $69,000 5% 5. Training and Support $202,400 13% 5.1 Trainee cost 100 $500 $50,000 5.2 Travel cost 12 $700 $8.400 5.3 Project team members 1920 $75 $144,000 6. Reserves (20% of total estimate) $253,540 $253,540 17% Total project cost estimate $1,521,240 * See software development estimate