Preview

Grab And Fly's Bistro Task B

Good Essays
Open Document
Open Document
1066 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Grab And Fly's Bistro Task B
(features x time) x hourly wage = cost
Task B (Grab and Fly’s Bistro)
A task B (Bistro) will last 60 days (5/01/2018 - 7/30/2018). It will be carried out by
• 14 construction workers
• daily cost of a construction worker is $ 130
• supplies for an amount of $ 80000.
What is the Total cost of this task?
• Fixed costs for one construction worker: $ 130 x 60 days = $7800
• Total costs for the entire construction staff: $ 7800 x 14 = $ 109,200
• Total Bistro Cost: $ 109200 + $ 80000 = $ 189200
The cost of developing an application will obviously vary, with price differences being significant depending on whether you are dealing with a self-employed person, a foreign development team, or an application agency. In addition, the cost of developing
…show more content…
It is estimated between 5 and 10% the average percentage to be taken into account when launching a medium complexity project. We will of course adjust this percentage according to the degree of uncertainty or novelty of our project. Remember that the more factors we have in a project (technology, organization, skills, suppliers, ...) the higher the uncertainty factor and the higher the risk and contingency reserve.
As you can see, I also include in the budget table the columns which, like the pilot, will allow me, during the progress of the project, to evaluate the actual expenditures (column 2), and what remains to be committed to complete the tasks of the project. project (column 3) on the basis of actual progress. It will then deduct the total estimated budget of the project (column 4) and any deviations from the initial budget (column 5). I will then be able to define and propose to decision-makers the adjustments to be made to the objectives of his
…show more content…
The budget represents the expenditure plan, which details how the funds will be spent and how quickly they will be spent. Project activities, cost estimates, tasks, resource availability, and planned funding are all integrated into the project schedule to allocate funds to resources and tasks. The Expenditure Plan establishes the base costs or budget, against which cost control measures will be applied to ensure that the rate of expenditure matches the funding and availability of

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Nt1310 Unit 4

    • 555 Words
    • 3 Pages

    a. What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?…

    • 555 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    CMGT Project Budget Paper

    • 660 Words
    • 4 Pages

    The budget development is the initiation of the project that will measure all the tasks with cost and time. The process will be evaluated with decisions of the participants. The milestones reflected in the document will be also revised by the specialist of the cause and utilized for further interruptions.…

    • 660 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Ilab Week7

    • 297 Words
    • 2 Pages

    2) According to your Project Summary, is this project on schedule? Will you be over or under budget and by how much?…

    • 297 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Cost Budgeting - Once the time and cost of each activity is estimated, an overall cost estimate for the entire project can be made. Once approved, this estimate becomes the project budget.…

    • 1088 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Jet2 Task 2 Essay Example

    • 1914 Words
    • 8 Pages

    A budget, as defined by Hilton (2009 pg 348), is a detailed plan, expressed in quantitative terms that specifies how resources will be acquired and used during a specific period of time. A budget is a financial document utilized to project future income and expenses. A budget is based on how much you make in income and what your monthly expenses are. Budgets evaluate performances while the plan is what is going to happen or refine what you want to accomplish by thinking ahead. The purpose of having a budget is it improves efficiency, assigns responsibility, provides direction, and helps businesses plans and control finances. Managers use the budget as a benchmark against which to compare the results to of actual operations.…

    • 1914 Words
    • 8 Pages
    Better Essays
  • Good Essays

    Competition Bikes Task 2

    • 1502 Words
    • 7 Pages

    A budget is a plan expressed quantitatively in detail. This detailed plan spells out how the company will acquire resources as well as how the resources will be allocated for a specific time. The budget is used for projecting future income and expenses. The purpose of a budget is the assist the company in providing a methodology in determining what direction to go, to improve efficiency, delegate responsibility and provide a means of controlling the finances of the company. In some cases, managers use budgets to determine how to set targets and standards for employees.…

    • 1502 Words
    • 7 Pages
    Good Essays
  • Better Essays

    Pontrelli Recycling

    • 1790 Words
    • 8 Pages

    Eichenberger, J. (1998). Project management, part III budgets for projects. AAOHN Journal, 46(5), 268-70. Retrieved from http://search.proquest.com/docview/1013462577?accountid=35812…

    • 1790 Words
    • 8 Pages
    Better Essays
  • Good Essays

    Task Supply Task 1

    • 3575 Words
    • 15 Pages

    A budget is a financial plan which is expressed in real numbers, typically in monetary units, which set the expectations for the expenses the company will incur to reach its goals, and management objectives. A good budget uses forecasts to determine what amounts should be used to reach desired efficiency and profitability. Budgets can be used to determine whether a not a process is working effectively, whether or not changes in operations need to be made in order to reach goals, and can help solve problems before they occur and help make changes when necessary.…

    • 3575 Words
    • 15 Pages
    Good Essays
  • Satisfactory Essays

    Week Dqs

    • 274 Words
    • 2 Pages

    Accurate estimates are critical to effective project management because having accurate time and costs estimates helps ensure the project is a success. Project control is dependent on accuracy of estimates, time and cost, estimates are major inputs to project planning. Estimates are used to support good decisions to determine project duration and cost. Used to develop time phased budgets and estimating helps reduce error. Project managers can take steps to improve the accuracy of estimating projects by using techniques to scope, constrain and plan the projects conditions, this will help reduce risks, and increase the project’s success.…

    • 274 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    This project plans to develop a methodology to estimate future projects’ costs and their appropriate contingency reserves for changing prices in constructional projects. Based on the methodology, recommendations will be given in order to change Ministry of Construction’s policies that relates to project budgets, and how to deal with the current policies if they are not changed.…

    • 311 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    M4 Unit 2

    • 593 Words
    • 3 Pages

    Budget: An estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals. One of the most important administrative tools, a budget serves also as a plan of action for achieving quantified objectives, standard for measuring performance, and device for coping with foreseeable adverse situations.…

    • 593 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    unit 6 assessment

    • 2371 Words
    • 9 Pages

    The budget can provide a plan to help the organisation achieve its objectives and make key decisions for the future. Budgets can be used to compare planned and actual performance.…

    • 2371 Words
    • 9 Pages
    Good Essays
  • Powerful Essays

    They are allocated 3 weeks on the schedule for their work to be carried out. (6 Man Excavation Crew x 8 Hrs/Day x 5 days/week x 3 weeks) x $85/Hrs = Round to $62,000 D) Carpenters: We can assume that there will be a 2 man crew. They will be present for 2 days to construct any concrete forms, install sight railings, and installation of wood nailer at perimeter curb. (2 CAR x 8 hrs/day x 2 days) x $85/hr = Roundup to $3,000 E) Plumbers: We can assume that there will be a 3 man crew present on site 6 days per week for 2 weeks to install all plumbing/drainage works shown on the contract documents. (3 PLU x 8 hrs/day x 6 days/week x 2 weeks) x $85/hr = Roundup to $25,000 F) Concrete/Pavement Installers: We can assume that there will be a 3 man crew present on site for 9 hrs per day for 1 week to install all concrete work shown on the contract documents. (3 CONC x 9 hrs/day x 5 days/week x 1 week) x $85/hr = Round to $11,000 G) Synthetic Turf Installers (Surface Carpet): We can assume that there will be a 5 man crew present on site for 2 weeks to install all synthetic turf work shown on the contract documents. (5 ST x 8 hrs/day x 5 days/week x 2 weeks)) x $95/hr = Roundup to $38,000 H) Landscaper: We can assume that there will be a 4 man crew present on site for 1 week to install all Landscaping work shown on the contract…

    • 3396 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    Flexible Budgets Acc 543

    • 971 Words
    • 4 Pages

    A budget is a quantitative expression of a plan of action. Budgets help to coordinate and implement plans and are considered as chief devices for disciplining management planning (Horngren et al. 2008). It is very important for employees to understand the concept of budget operations. Knowing budget operations can eliminate the possibilities for incorrect information to be reported.…

    • 971 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    project brasil olimpics

    • 252 Words
    • 6 Pages

    So Paying 3.3%/ year AFTER 30 YEARS TOURISM 2000 TO 2012 Project Steps Initiation • • • • • • • Proposal Requirements Stakeholders Scope Plan budget Approval documentation Execution • • • • • • Hiring Staffs Manage Risks…

    • 252 Words
    • 6 Pages
    Satisfactory Essays