Develop a project budget for your chosen project and

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2.2.Develop a project budget for your chosen project and ensure you include the following information:a)explain which cost-estimating methods you would use to estimate the duration andresource requirements of the project
Assessment ToolQualificationBSB41515 Certificate IV in Project ManagementCluster number and name:PMC4 3.2 Apply project costs management techniquesUnits of competency:BSBPMG412 Apply project cost management techniquesStudent’s ID and full name:42789/MIGUEL PORRASAssessor’s name:VINEET SINGHPMC4 3.2 BSBPMG412 Assessment toolVersion 1 Issued 7/8/2017Page 10 of 14BUDGET= EQUIPMENT COST + MATERIALS COST+ WORKFORCE COST + INDIRECT COSTb)give estimated costs for the individual tasks and activitiesDESCRIPTIONUNITYQUANTITYUNITPRICE(AUD$)TOTAL(AUD$)EQUIPMENT3320Crane1800800Trolly1600600Shelves161201920MATERIALS40GlovesBox11010Face maskBox11010Safety glassesUn12020WORKFORCE3400Ingineermh112400Operatormh111000INDIRECT COST80Electricitymonth12020Wifimonth14040Stationerymonth12020BUDGET=EQUIPMENT COST+MATERIALS+WORKFORCE+INDIRECT COSTBUDGET=3320+40+3400+80=6840
Assessment ToolQualificationBSB41515 Certificate IV in Project ManagementCluster number and name:PMC4 3.2 Apply project costs management techniquesUnits of competency:BSBPMG412 Apply project cost management techniquesStudent’s ID and full name:42789/MIGUEL PORRASAssessor’s name:VINEET SINGHPMC4 3.2 BSBPMG412 Assessment toolVersion 1 Issued 7/8/2017Page 11 of 14CONTINGENCY= 10% BUDGETUTILITIES=4% BUDGETCONTINGENCY=684UTILITIES=273.6TOTAL BUDGET= BUDGET + CONTINGENCY+UTILITIESTOTAL BUDGET=7777.6OBJECTIVE COST= BUDGET + CONTINGENCYOBJECTIVE COST = 7540

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