MAN 435-Problems-4

# MAN 435-Problems-4 - MAN-435 Project Management Project...

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MAN-435 Project Management Project Management: Achieving Competitive Advantage, by Jeffrey K. Pinto, (Upper Saddle River, New Jersey: Pearson Prentice-Hall, 2007). ISBN-13: 978-0-558-39543-8 Module 4 Problems: Calculating Direct Cost and the Learning Curve Review pages 247–260 of Chapter 8. Then do the following: Complete problems 1, 2, and 3 on pages 272–273 of the textbook 1) Calculate the direct cost of labor for a project team member using the following data: Direct labor costs : Hourly rate Hours needed Overhead charge Total direct labor cost (\$ 40.00) (120) (1.45) = \$ 6,960 Hourly Hours Overhead Personal Total direct Rate Needed Charge Time Labor cost (\$ 40.00) (120) (1.45) (1.12) = \$ 7,795.2 2) Calculate the direct cost of labor for the project team using the following data. What are the costs for the individual project team members? What is the overall direct cost of labor?

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Hourly Hours Overhead Personal Total direct Rate Needed Charge Time Labor cost Sandy (\$17.00) (40) (1.35) (1.12) = \$1,028.16 Chuck (\$31.00) (100) (1.80) (1.12) = \$6,249.6 Bob (\$9.00) (80) (1.35) (0) = \$972 Penny (\$34.00) (65) (1.80) (1.12) = \$4,455.36 Total = \$12,705.12 3) Assume that overhead is charged on a flat rate basis. Each member of the project is assigned an overhead charge of \$ 200/ week. What would the direct cost of labor be for an employee, given that she is assigned to the project for 160 hours at \$ 8.50/ hour? Hourly
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MAN 435-Problems-4 - MAN-435 Project Management Project...

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