part 1:Project Cost EstimatesThere are four main types of project cost estimates: analogous, top-down, bottom-up, and parametric. Tom DeMarco, a well-known author on software development, suggests tha
Use the table below to complete the items above.
| Description | Quantity |
Unit Cost | Comment |
| Call Box | To be calculated | $1200 per box | Material cost. There should be one call box every .25 acres. |
| Wiring Harness | 1 unit per box | $25 per box | Material cost to be applied to each installed box. |
| Installation Hardware Kit | 1 unit per box | $20 per box | Material cost to be applied to each installed box. |
| Internal Labor | 200 hours per project | $100 per hour | Labor rate for each project team member. |
| External Labor | Site preparation per box | $200 per box | Supplier labor rate to prepare location for each box. |
| External Labor | Installation & testing per box | $150 per box | Supplier labor rate to complete installation and testing for each box. |
Include a WBS created in MS Project which will define project cost estimates.
Calculations should be done using formulas within Project, rather than by hand.
