Assume that you have been selected to serve as the project manager
for a management consulting project for a client based in the United States. You
have developed the WBS and listed the activities for the assignment which
involve large-scale market research in a new market. You are responsible for
project costs and are keen on developing realistic cost estimates and project
budget. You have estimated the following effort:WBSTasksDurationResource TypeEffort in Days1.1Final proposal and contract documentation4 DaysJunior Consultant4Legal Consultant1Vice President11.2Assignment kickoff workshop2 DaysJunior Consultant2Senior Consultant1Vice President12.1Designing market research5 DaysProduct Expert1Junior Consultant5Senior Consultant22.2Pilot run of market research10 DaysJunior Consultant3Intern10Senior Consultant22.3Final market research design and signoff2 DaysJunior Consultant2Senior Consultant1Vice President12.4Market research 132 DaysJunior Consultant20Senior Consultant22 Interns*282.5Market research 232 DaysJunior Consultant20Senior Consultant22 Interns*282.6Data collation and analysis5 DaysJunior Consultant5Senior Consultant32 Interns*5Vice President0.53.1Final report preparation3 DaysSenior Consultant3Junior Consultant3Vice President0.53.2Presentation to client1 DaySenior Consultant1Junior Consultant1Vice President0.5*Please note the use of 2 resources in this case.The
rates per day for the resources are as follows:ResourceRate Per DayJunior Consultant$750
Intern$250
Legal Consultant$1500
Product Expert$3500
Senior Consultant$1500
Vice President$3500
The tasks above are listed in sequential order. The exceptions
are market research 1 and 2 which can start simultaneously.This assignment has two parts. Complete Part 2 after completing Part
1.Part 1:Develop the budget for this project by allocating cost over actual
work time and the calendar time line. Draw a graph for the time line of the
project and the money spent on the project. Assume that the payments to all
resources are made on a daily basis.Part 2:For
the consulting assignment assume that the total project budget is spent equally
on a daily basis and the work done each day contributes equally toward the
project completion. You are now at the end of Day 25 of the project the company
has already spent $48000 and the project has delivered 5% more than planned at
the end of Day 25.Please
make sure that you cite and reference all your outside sources properly as per
the Harvard Referencing System.