Microsoft excel cost estimate template

Open a new Microsoft Word document, Microsoft Excel document, or use the provided template to complete the following tasks.

Tony Prince and his team are working on the Recreation and Wellness Intranet Project. They have been asked to refine the existing cost estimate for the project so they can evaluate supplier bids and have a solid cost baseline for evaluating project performance. Recall that your schedule and cost goals are to complete the project in 6 months for under $200,000.

Use the Cost Estimate template and Cost Baseline template to assist with this assignment.

Tasks

Prepare and upload a 1-page cost model for this project using spreadsheet software. Use the following work breakdown structure (WBS), and document your assumptions in preparing the cost model. Assume a labor rate of $100 per hour for the project manager and $60 per hour for other project team members. Assume that none of the work is outsourced, labor costs for users are not included, and there are no additional hardware costs. The total estimate should be $200,000.
Project management
Requirements definition
Website design
Registration for recreational programs
Registration for classes and programs
Tracking system
Incentive system
Website development
Registration for recreational programs
Registration for classes and programs
Tracking system
Incentive system
Testing
Training, rollout, and support
Using the cost model you created in the first task, prepare a cost baseline by allocating the costs by WBS for each month of the project.
Assume that you have completed 3 months of the project. The BAC was $200,000 for this 6-month project. You can also make the following assumptions: