Preliminary Project Plan

    write an over Overview of project 150-200 words(will attache background of project in word doc): The objective of this section is to provide an overview of the scope and nature of the project to help enable the team to select one project to work on for the rest of the course.

    (In excel please!)Preliminary budgetary plan: The objective of the budget section is to capture cost estimates, which include resources, capital expenses, materials, and miscellaneous. The cost analysis must consider the following elements (at a minimum): labor, subcontractors, rental or purchase of equipment or facilities, travel, telecommunications, supplies and materials, and documentation. The output for this step is called project funding requirements, which is described in section 7.2.3 of A Guide to the Project Management Body of Knowledge. ( see below)

    7.2.3.1 Activity Cost Estimates
    Add a note hereActivity cost estimates are quantitative assessments of the probable costs required to complete project work. Cost estimates can be presented in summary form or in detail. Costs are estimated for all resources that are applied to the activity cost estimate. This includes, but is not limited to, direct labor, materials, equipment, services, facilities, information technology, and special categories such as cost of financing (including interest charges), an inflation allowance, exchange rates, or a cost contingency reserve. Indirect costs, if they are included in the project estimate, can be included at the activity level or at higher levels.

    7.2.3.2 Basis of Estimates
    Add a note hereThe amount and type of additional details supporting the cost estimate vary by application area. Regardless of the level of detail, the supporting documentation should provide a clear and complete understanding of how the cost estimate was derived.

    Add a note hereSupporting detail for activity cost estimates may include:

    Add a note hereDocumentation of the basis of the estimate (i.e., how it was developed),

    Add a note hereDocumentation of all assumptions made,

    Add a note hereDocumentation of any known constraints,

    Add a note hereIndication of the range of possible estimates (e.g., €10,000 (±10%) to indicate that the item is expected to cost between a range of values), and

    Add a note hereIndication of the confidence level of the final estimate.

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