Unit 3 Lab Assignment - Cost Estimating and Scheduling

Unit 3 Lab Assignment - Cost Estimating and Scheduling

Cost Estimating

In this assignment, you will create a cost estimate for your project based on the personnel you chose in Unit 2. You will also create a time-phased budget based on your Work Breakdown Schedule (WBS) from Unit 2. You may use Excel to do this assignment.

Your assignment is to:

• Create a cost table noting the wage rate of the personnel and how many weeks the person is needed. You should use an overhead rate of 40%.
• Create a Time-phased budget based on your work packages from your WBS.

There are samples you can follow for this on pages 275 and 276 in your textbook: Project Management: Achieving Competitive Advantage, by Jeffrey Pinto, 3rd Edition.

Scheduling

In this assignment, you will develop a schedule for your project based on your WBS in Unit 2.

Your assignment is to:

• Create an activity duration table for each activity you have identified. You can use Word or Excel for creating this table.
• Create a Gantt chart for your project indicating critical paths, total project duration and float. (A sample template is provided for you in MS Project.) Download it here. When you download this template for the Gantt chart, you must be using MS Project.

Note: You are not asked to create a Network Diagram for this lab assignment, but make sure you are familiar with this diagram used to indicate critical paths, total project duration and float.

There are samples you can follow for this on pages 344 - 346 in your textbook: Project Management: Achieving Competitive Advantage, by Jeffrey Pinto, 3rd Edition.