What its average labor costs costs markup costs costs questions mark the best case
Create the WBS diagram for the following project to perform an IT Roadmap: (1 Mark)
Assigning resources and taking resource leveling into effect.
With resource Leveling =46
How Might you reduce the project overall duration (1 Mark)
Part 2 – Estimating (10 marks)
You have just paid a Designer to create a set of drawing plans $7500 (25days effort at $300/day) and have sent out for estimates from various subcontractors. You are planning to build your house using Time and Material contracts have received from the subs the following information (Efforts are in Days and Rates are in $/Day) Assume 100% productivity and availability.
| WBS | Task | Effort |
|---|---|---|
| 1.1 | Design House | 5 |
| 1.3.1 | Clear Trees | 1 |
| 1.3.2 | Dig Foundation | 2 |
| 1.3.3 | Pour foundation | 5 |
| 1.4.1 | Walls | 1 |
| 1.4.2 | Roof | 1 |
| 1.5.1 | Walls | 1 |
| WBS | TASK | Cost |
|---|---|---|
| 1.4 | Build building envelope | $5000 |
| 1.4.1 | Walls | $5000 |
| 1.4.2 | Roof | $1000 |
| 1.5.3 | Trim and Doors | $2500 |
| 1.5.4 | Finishes | $2000 |
Roofer ($400/day)
Shingles cost $120/SM and the roof is 30 SM
| 1.3.3 | Pour foundation | 1 |
|---|---|---|
| 1.5.2.1 | Electrical | 10 |
Landscaper ($350/day)
| 1.3.1 | Clear Trees | 2 |
|---|---|---|
| 2.1 | finish Grade | 3 |
| 2.2 | Topsoil | 6 |
| 2.3 | Grass | 2 |
| 2.4 | Plants | 5 |
Top Soil is $500/Cu M and the yard will need 50 Cu M
| 3 | Inspection | 2 |
|---|
Question 2a (2 Marks).
Using Excel, complete the Labor Estimate Grid that calculates the total Project Labor costs
Question 2c (1 Mark)
There is $2600 in equipment rental, $500 in permits and a 5% management fee applied to all labor costs. What are the “other costs” and the “total project” cost categories?
Margin = (revenue-costs)/revenue
Re-arrange to
Revenue = costs*(1+markup)
$5600 = costs (1.2)