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The Web development Project has a total budget of $20000. Project budget is allocated according to the table below.

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Introduction

Project Budgeting Project Budgeting is a process that distributes the total Project costs for various elements grouped according to the Work Breakdown Structure. This allows the Project manager to ensure that the project tasks are controlled and delivered within budget. The Web development Project has a total budget of $20000. Project budget is allocated according to the table below. Human Resource utilization is calculated using man-hour rates and material cost are actual estimates. Resource and Tasks Utilization Total Cost Cost Type Director @ $20/hr Concept Development 40 hrs $800.00 Direct Cost Customer concept review 16 hrs $320.00 Direct Cost Final Customer approval 0 hrs $0.00 Direct Cost Final meeting and website Demo 8 hrs $160.00 Direct Cost Project acceptance 0 hrs $0.00 Direct Cost 64 hrs $1,280.00 Project Manager @ $15/hr Arrange kickoff meeting 8 hrs $120.00 Direct Cost Concept Development 40 hrs $600.00 Direct Cost Customer concept review 16 hrs $240.00 Direct Cost Final Customer approval 0 hrs $0.00 Direct Cost Staff and management survey 40 hrs $600.00 Direct Cost Create Work Schedule ...read more.

Middle

40 hrs $400.00 Direct Cost Final meeting and website Demo 8 hrs $80.00 Direct Cost 88 hrs $880.00 Receptionist @ $3 /hr Concept Development 40 hrs $120.00 Direct Cost Test group starts testing 40 hrs $120.00 Direct Cost Final meeting and website Demo 8 hrs $24.00 Direct Cost 88 hrs $264.00 IT department @ $7 /hr Concept Development 40 hrs $280.00 Direct Cost Test Environment 8 hrs $56.00 Direct Cost Final meeting and website Demo 8 hrs $56.00 Direct Cost 56 hrs $392.00 Web Server Operating System Software 0 1 $500.00 Direct Cost Web server software 0 1 $200.00 Direct Cost Server hardware 0 1 $1,200.00 Direct Cost Network Connectivity 2 MB $400.00 Direct Cost Administrative Overheads (Supplies etc) $500 Admin. Cost Time Phased Budget The table below shows a time-phased budget allocation at a Cumulative Cost of $ 20,000. Task Name Duration Start Date End Date Cost Phase 1 - Initiation 8 days 27-Aug-05 05-Sep-05 $3,840.00 Arrange kickoff meeting 1 day 27-Aug-05 27-Aug-05 $120.00 Concept Development 5 days 28-Aug-05 03-Sep-05 $3,000.00 Customer concept review ...read more.

Conclusion

Project Risks Major Project Risk: Constant and last minute changes requested by Management will delay the Planning and Execution phases of the Project. Risk Probability is high and will have impact on the overall performance of the project. Risk Management Plan: The maximum number of change requests that will be entertained will be communicated at the beginning of the project and a Change management plan and process will be initiated where every change would be documented and agreed to by the Director, who is also the Project Customer, Project Manager and the Development Consultants. Additional man-hours and overtime have been factored into the Execution phase of the project to accommodate change requests. A Change process will ensure that requests are documented, approved and not unreasonable. The process will also ensure that impact on project schedule, priorities and goals is not impacted. Minor Risks: Survey forms sent out to all staff may not be received on time. It may not be possible to complete all requested changes in time for Commercial Website launch. These tasks can be deferred to post launch maintenance. ...read more.

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