Formulate Resource Estimates and Project Budgets

Using a re-carpeting project as an example for this assignment, research resource estimation techniques necessary to generate a high level budget for the project. Formulate the resource estimates and budget for the project in a spreadsheet. Your spreadsheet should include:

  • integrating scope with costs and schedules,
  • management reserves,
  • project baseline,
  • methods used to plan earned value and control account plans.

In addition, provide a brief explanation of the project and the process implemented to formulate the estimates and initial budget. Justify your selection of necessary resources based on the budget you prepared.

Support your summary with a minimum of three (3) external resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.

Length: Spreadsheet with sufficient detail to demonstrate the resources required AND 3 page summary explanation

Your summary should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards where appropriate.

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