03 Jul Assignment Cost management
Your project is to do a consumer market study for a product that has been introduced to the market recently. This is the first time that company is doing such study and allocated $45,000 for this project, and expect it to be done in about three months (12 weeks)· Breakdown the project (15-20 activities) and use the MS Excel template to determine activity costs and estimate the budget that is needed to do this project.· Distribute the total budgeted cost over the expected time span of the project (Class 2 Slides#27,28,29)· Draw cumulative budgeted cost curve for this project.· Imagine that you sign a contract at the beginning of this project to develop a data analysis software for your project. The cost of this job is $4,000 and it will take 6 weeks. What type of cost is that? How can you distribute this cost over time span of the project? Modify your cumulative budgeted costs table and curve.
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