07 Mar Summative Assessment: Project Scope and Cost Estimate
11492Many would argue that project management’s biggest impacts occur at the beginning of a project and while managing the cost of a project. The project in your case study has been approved by the stakeholders; you are now tasked with creating a project scope and cost estimate. You may want to review the Case Study, work breakdown structure (WBS), and the task list you developed for the Week 1 assignment as you complete this assignment.
Part A:
Write a 1- to 2-page project scope using your case study. It should list stakeholders, project goals, background on the project, cost estimate, and expected time to completion. Include the cost estimate and your assumptions captured while preparing the cost estimate for Part B of the assignment. You can assume that the project will take 5 months, with an initial cost estimate of $150,000. Use APA format and cite at least 2 sources to support your rationale.
Part B:
Create a 1-page monthly cost estimate for this project using spreadsheet software. The spreadsheet sheet should contain an appropriate subset of the WBS tasks in the case study and the task list you created in the Week 1 assignment. Document your assumptions in preparing the cost estimate. Think about how the methodology you selected in Week 1 influenced the cost estimate. Assume a labor rate of $100 per hour for the project manager and $60 per hour for other project team members. Additionally, assume a labor rate of $100 per hour for any outsourced work. Labor costs for users are not included, and there are no additional hardware costs. The total estimate should be $150,000 and will not include the cost of acquiring the learning materials from the vendor. You may use the Cost Estimate Template as a starting point, but expand the template to support the WBS, task list, and methodology you selected for the Week 1 assignment.
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