Question

Your manager has approved the tentative plan that you developed in Assignment 1. He has sent you back the file Project 2-0 that will build on the one you have submitted (Assignment 1) and groups all the tasks related to Program Design and Documentation together and all the tasks related to Implementation and Testing together. Now you have been asked to refine the plan by assigning resources to individual tasks and developing cost estimates Typically, once tasks are entered into a schedule, people are assigned to work on them. After all, projects don't get done by themselves. Now we are ready with our sample project, which includes important tasks and gives us an overview about the time to complete each task and the project. The next step is to add resources to your project before assigning them to work on tasks and finalizing the budget for our project. So, for assignment-2 add the resources as mentioned below in same assignment-1 MS project sheet— Note − Each resource is used fully during the task to which it is assigned. In material type add for all tasks of first summary point- Initiation 1. Laptops -- $250 each, Quantity-- 15 2. Servers -- $500 each, Quantity – 3 3. UPS --- $150 each, quantity – 20 In work type add— 1. Manager -- 1, $60 per/hr – for all tasks, 2. Assistant manager -2, $55 per/hr – for all tasks, 3. Information Security Consultant – 2, $50 per/hr , for all Tasks – of Third summary point- Design. 4. Product Technician - 4, $50 per/hr , for Task a. "Deployment of Web applications Firewall in the network", b. "Going live and testing of the firewall", c. "Audit all services, servers and assets with respect to risk", d. "Quality Assurance". 5. Document editor – 2, $50 per/hr, for Tasks "Documentation of all Process and Product Use Cases", "Training and Handover", "Present the documented process to management and stakeholders". Questions Observe and take a Screen shot of Project Statistics and Mention the total cost of the project.

Answer 1

The total cost of the project is $xxx,xxx, calculated by summing material and resource costs based on the provided specifications. This information is available in the Project Statistics screenshot.

Step-by-step explanation:

In the project management context outlined in Assignment 2, the total cost of the project can be calculated by summing up the costs associated with each resource and material used. According to the provided resource allocation, we have three types of resources: material resources (laptops, servers, UPS), managerial resources (manager, assistant manager, information security consultant), and specific task-related resources (product technician, document editor).

For material resources, the cost is calculated by multiplying the unit cost by the quantity. Therefore, the cost of laptops =
`\(15 * \$250\)`, the cost of servers =
`\(3 * \$500\)`, and the cost of UPS =
`\(20 * \$150\)`.

Next, the cost of managerial resources is determined by multiplying the hourly rate by the number of hours. The manager's cost =
`\(1 * \$60 * \text{total hours}\)`, and the assistant manager's cost =
`\(2 * \$55 * \text{total hours}\)`. Similarly, the information security consultant's cost is
`\(2 * \$50 * \text{total hours}\)`.

For task-related resources, the cost is calculated by multiplying the number of technicians or editors by their hourly rate and the number of hours dedicated to each task. Summing up all these costs gives the total cost of the project. Taking a screenshot of the Project Statistics provides a comprehensive overview of these costs and ensures accurate reporting.