Summary:

One of the essential skills great IT Project Managers possess is the ability to estimate the cost of a client facing project so that revenue margins are forecasted and then tracked through the life of the project.

In this exercise, you will present a project cost estimate and tracking for the project.

Scenario:

You are a project manager who has been assigned leadership of a managed upgrade for a cloud hosted solution that provides clients a financial model to allocate and manage shared services costs. This solution requires bi-annual updates to the underlying model based on client configurations to tune itâ€^TMs cost model.

Your Assignment:

Create a cost estimate and step by step instructions for the team members in how to track costs.

Instructions

Create a cost estimate in total and by role for the project in question 1. It is your option to leverage Smartsheet or create a view using google sheets or document.

Create a google document of assumptions made while creating the cost estimate.

Create a google document outlining instructions to team members on how they are to track actuals against costs.