Project Budget You are the project manager in charge of building a house in Ashb
ID: 348212 • Letter: P
Question
Project Budget You are the project manager in charge of building a house in Ashburn, Virginia. The house is a five - bedroom home estimated to cost $1.2 million dollars and has to be completed in 24 months. Identify at least 20 activities required to complete this house , and assign a basis of cost planning to all identified activities. Please note that 2% of the estimated cost ($1.2 million) mus t be set aside as contingency. Think of labor, material, and machinery activities as part of your considerations. The total cost plus contingency must not exceed the estimated cost and must not be less than $1 million. Refer to the budget examples in Chap ter 4 “ Budgeting the Project ” on pages 112 - 151 of you r Project Management in Practice textbook as your guide for creating your budget. You can create your budget in a Word document table or in an Excel document for submission to your instructor
Explanation / Answer
S No
Name of Activity
Cost of activity(All costs are in USD)
1
S No
Name of Activity
Cost of activity(All costs are in USD)
1
Hiring of machinery for project duration 60000 2 Hiring of Labour for project duration 120000 3 procurement of material for construction 250000 4 Architectural design for the house 50000 5 Work permits and environmental clearences 25000 6 scaffolding renting and setting up 25000 7 Plumbing works 30000 8 Electrical works 30000 9 Storage of material 10000 10 Site security 20000 11 Interior designing 10000 12 wall painting 40000 13 interior decoration 120000 14 Roofing and waterproofing 40000 15 landscaping 30000 16 installing HVAC system 40000 17 Flooring 30000 18 buying and installing windows and doors 10000 19 bathroom fittings and installation 30000 20 Installing the security system 20000 Total USD 990000Related Questions
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