Hello I need help in making a detailed Project Material Cost by Items. Below is

Question

Hello I need help in making a detailed Project Material Cost by Items. Below is a WBS that will help make one

Here is additional instructions:

use the material cost estimation technique apply it to your project. At this point, you may estimate it in high level. Then, you may add more details when the final report is due.

It is suggested to use your WBS as baseline, estimate on associated direct cost (materials or labor), as well as indirect cost (e.g., overhead cost) at high level.

In addition, you may explain briefly which cost estimation method or technique you plan to use for planning cost and controlling cost, for example, top-down or bottom-up, and explain why.

Motion Sensor Lighting in University 1.0 Project Definition 2.0 System Engineering 3.0 Implementation 1.1 Design the Problem Statement 2.1 Develop Design Plan 3.1 Discuss Implementation Plan With Stakeholders 1.2 Identify Stakeholder & Key Resources Involved 2.2 Develop Resource Allotment Plan 3.2 Work Allocation 2.3 Perform Risk Analysis & Alternative Analysis 3.3 Work Allocation 1.3 Perform Stakeholder & Resource Value Mapping 3.4 Initial Analysis of Teams 1.4 Identify Key Areas of Implementation 2.4 Develop Final Design Document .5 Final Implementation of Project 1.5 Finalize Project Schedule 2.5 Perform Cost Analysis Activity List . Identify scope of the project . Identify major stakeholders involved . Meet the stakeholders and identify the locations where the light sensors will be installed . Develop the resource list . Identify the project milestones . Develop a blueprint of the project and discuss with the stakeholders . Team meeting to discuss blueprint and work allocation . Cost analysis and budget release for the project » Resource procurement · Division of resource as per team · Implementation

Explanation / Answer

Which cost estimation method or technique you plan to use for planning cost and controlling cost, for example, top-down or bottom-up, and explain why.

Use the material cost estimation technique apply it to your project

Project Scope –

Please follow the below steps to calculate approximate cost of project once we have answer to all above questions

Deliverables – Base on project scope deliverables needs to listed

Task required to complete the deliverables – All the task associated to each deliverables need to be listed

Estimate the cost of individual Task – Estimate the direct and indirect cost associated to all the individual task activity

Add the amount for all the task and that would be our approximate total project cost.

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