MBA_FP6231_PageLydia_Assessment4-1.1.docx - PROJECT COST ESTIMATE 1 Project Cost Estimate Lydia Page MBA FP-6231 Assessment 3 Capella University PROJECT

MBA_FP6231_PageLydia_Assessment4-1.1.docx - PROJECT COST...

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PROJECT COST ESTIMATE1Project Cost EstimateLydia PageMBA FP-6231 Assessment 3Capella UniversityOctober 15, 2018
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PROJECT COST ESTIMATE2Project Cost Estimate ConstraintsWhen developing a project cost estimate, it’s imperative to clearly distinguish and understand potential constraints that could adversely affect the project timeline or deliverables. Potential constraints include:Availability of resources (labor and materials) as needed or alternative solutionsKeeping costs within designated budget to avoid negatively impacting the profit marginThe dwelling is in a historic neighborhood and all renovations must comply with city ordnance for the neighborhoodAll work is to be completed with as little disruption to the neighborhood as possibleMitigating strategies for each of the identified constraints above would vary, however they are alldependent upon a few key tasks. In terms of available labor, collecting multiple bid from services
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