PRJM6001: To Understand and Apply the Processes of Cost Estimating and Budgeting - Project Management

Internal Code: MAS216

Project Management:

A 23-year-old daughter is engaged to be married and has set a tentative wedding date of June, 16 th 2016. The couple have chosen Bali as their preferred wedding destination and the parents have offered to cover the travel and accommodation expenses of 40 friends and family who will be invited to the wedding as well as the wedding day celebrations. The parents have set the happy couple the following parameters: 1) Wedding celebration to be fully catered including entertainment at a 5 Star resort 2) 8 guests are from the UK, 6 from the USA, 16 from Perth and 10 from Sydney 3) Travel to be economy class return including transfers 4) Accommodation at 4 Star resorts for 7 days bed and breakfast Questions: a) How the costs were calculated b) Sources of information for each cost element including a clear and full explanation of the scope of each item