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10-08-2018

Product code: Research-AW97

 

Assignment 2 description

 

Budget

You discussed your initial cost estimate for the preclinical research project with the Program Manager, who agreed that your estimate was reasonable. The Program Manager asked you to developing a budget from your estimate.

In addition, the Program Manager approved an amount of 15% of the estimate for contingencies. You negotiated $12.5K for the QA process and 5% as management reserve.

Create a budget in Excel for the project. Calculate the budget for a period of 26 weeks, assuming that your cash will be allocated weekly for this period of time.

Present your budget graphically, depicting the Budget at Completion (BAC), Cost Baseline, Management Reserve, and Project Budget with time phases and discuss

Assignment 1 description

Cost Estimate

You are the project manager of a start-up biotech company and the project is to conduct preclinical research on a potential new drug to treat liver cancer.

The company has developed other drugs, but this is the first time developing this type of treatment. Senior management has asked you to present your cost estimate at the next staff meeting.

The program manager gave you access to information from previous projects and from other sections of the company. Using this information (see attached file) develop a cost estimate.

  1. Produce a cost estimate for this project.
  2. Calculate direct, indirect, fixed, and variable costs.
  3. Discuss your results.

 

 

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Weekly Cost Baseline & Budget

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