Highlights
Project Description
As a project manager, you are to construct a Gantt chart and complete project scheduling as well as to develop the cost management planning components of your Cost Management Plan. Table 1 identifies the activities within a small project where all dependencies are presented.
TASK:
Estimate the cost of each activity using various tools and techniques. Critically discuss the appropriateness of tools and techniques used for your cost estimation and their applications. Your cost estimate must incorporate at least one resource given in Table 2 for each given activity. You also need to demonstrate different elements of cost within your cost estimation and the detailed budget.
Develop and aggregate the cost of resources needed to complete each activity and determine the detailed budget of the project. In addition to your cost estimates and budget, include a 750-word writing to describe the processes, and tools and techniques you are using in your cost estimation and control. Further, clearly explain how your budgetary plan will be managed. You can use the templates found in this module’s Learning Resources or a format of your own.
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