Project Management IV
GLOBAL TREPS
| Units/Hrs | Cost/Units/Hrs | Subtotals | WBS Level 2 Totals | % of Totals | |
| WORK BREAKDOWN Items | |||||
| $ 50,000 | 42 % | |||
| 1.1 Project Manager (4hr/115 days) | 460 | $20 | $9,200 | ||
| 1.2 Project Team Members | |||||
| Alfreda (4hrs for 180days) | 720 | $20 | $14,400 | ||
| Ashkok (4hrs for 180days) | 720 | $20 | $14,400 | ||
| Kim (4hrs for 180days) | 720 | $20 | $14,000 | ||
| 1.3 Bobby, IT guy (4hrs /day for 40) | 160 | $30 | $12,000 | ||
| $20,000 | 17 % | |||
| 2.1 3 Laptops | $ 15,000 | ||||
| 2.2 Internet access for Alfreda, Ashkok, Kim | $ 5,000 | ||||
| $50,000 | ||||
| 10 | $1,000 | |||
| $5,000 | ||||
| $1,000 | ||||
| $2,000 | ||||
| $10,000 | ||||
| 1.3.2.1 Guide for Templates for events | $1,000 | ||||
| $5,000 | ||||
| $15,000 | ||||
| $5,000 | ||||
| $1,000 | ||||
| $1,000 | ||||
| $1,000 | ||||
| 15 | $ 2,000 | $ 30,000 | | |
| 1.6 Events | $ 20,000 | 17 % | |||
| 1.6.1 Internal labor | $1,000 | $3,000 | |||
| 1.6.2 Consultant labor | $1,000 | $2,000 | |||
| 1.6.3 Refreshments | 10 | $1,000 | $10,000 | ||
| 1.6.4 Prizes | $1,000 | $5,000 | |||
| $ 50,000 | 42 % | |||
| TOTAL PROJECT COST ESTIMATE | $ 120,000 |
PART 2
How can a cost-benefit analysis help in the proposal phase to address the problem of IT projects which overpromise? Cost Benefit analysis is very helpful in the proposal phase because it estimates the cost to companies i.e. both parties included in the Project. It helps to both parties to analyses the cost and make the budget and investment for the Project.
How can a cost-benefit analysis at the beginning of the project help in daily decision-making during the course of the project? Cost Benefit analysis help in daily decision making process during the course for events such as refreshment and prize distribution as previous records.
How can a cost-benefit analysis be useful at the end of a project? At the end of a project it would show that actual costs, benefits actually realized by the time the project is completed and anticipated benefits to come. CBA throughout the lifecycle are learned processes and can be applied to any lesson about how to estimate the cost and can be used for future efforts.
