Estimating cost

Essay question 1: Assume that several of the resources assigned in your project to complete activities are robotic machines rather than staff. How would you determine the cost of the machine that is applied to the project cost? Describe the steps you might take.

Essay question 2: When staff resources are assigned to the project, there are several costs to consider including the salary or hourly wage and miscellaneous employee overhead costs such as benefits. What costs should and should not be considered when applying staff costs to the project?

Essay question 3: If you had the option to expedite deliverables by having project team members work longer hours, or paying the costs of additional staff, which would you choose? Describe how you would proceed and explain your rationale.

Essay question 4: Assume that you are managing a project that uses team members from two locations. Each location employs staff using different schedules and shifts. Describe how you might manage resource assignment in this situation without interfering with employee schedules.

Essay question 5: Employees who are assigned to project teams often normally work in functional departments. Each department includes supervisors, managers, and a department director. Should a project manager include some portion of the department management costs in the cost of the employees assigned to the project? If so, discuss how you might do this.reading:

Estimating cost: https://youtu.be/rN0FrDpQNUk

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