Project Budget

You are the project manager in charge of building a house in Ashburn, Virginia.

The house is a five-bedroom home estimated to cost $1.2 million dollars and has to be completed in 24 months. Identify at least 20 activities required to complete this house, and assign a basis of cost planning to all identified activities.

Please note that 2% of the estimated cost ($1.2 million) must be set aside as contingency. Think of labor, material, and machinery activities as part of your considerations. The total cost plus contingency must not exceed the estimated cost and must not be less than $1 million.

Refer to the budget examples in Chapter 4 "Budgeting the Project" on pages 112-151 of your Project Management in Practice textbook as your guide for creating your budget.

You can create your budget in a Word document table or in an Excel document for submission to your instructor.