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PM-J8

Explain how Unit IV had a positive impact on you. How will you be able to apply the skills you learned from it to gain life and/or career success?
Your journal entry must be at least 200 words in length. No references or citations are necessary.

Unit IV Assignment:

Course Project Part 4: Plan Budget Management: Identify Resources, Assign Costs to Resources, Assign Resources to Activities, and Roll-Up Project Baseline

The homebuilding project continues in Unit IV with the development of the project budget. In this assignment, refer to the schedule documents developed in the Unit III assignment. After reviewing the schedule, complete the project budget documents below.
Plan budget management: Document in one to two pages your strategy for developing, managing, and controlling the project budget for your homebuilding project. Feel free to draw upon templates for this purpose by searching external websites you may find. After completing the plan budget management document, perform the following additional requirements.
Part A:
Identify resources and assign costs to resources for the activities and durations identified in Unit III. 
Part B:
Assign resources to activities: Create a budget table as outlined in the Unit IV Lesson that assigned resources and associated costs to activities.
Part C:
Roll-up project baseline: Calculate the cumulative budget for the activities identified in Unit III. Use this date to create a project budget curve.
The plan budget management document along with the three parts (Parts A, B, and C) must be at least three pages.  Submit your assignment as ONE combined document into Blackboard for grading.

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Plan Budget Management

Plan Budget Management

Part A

The following represent the resources needed in the home building project and the assigned costs.

Resources

Cost

Products and materials

$320,000

Construction plant, tools, and equipment

$250,000

Human resources

$240,000

Space and facilities

$150,000

Subcontractors

$90,000

Finance

$100,000

Permits

$10,000

Part B

The following represents the activities involved in the home building project and the resources needed to act.

Activities

Resource

cost

Preparation of drawing

Human resource

$3000

Estimation of material cost

Sub-contractor

$2000

Estimation of labor costs &contingencies

Sub-contractor and human resource

$1500

Preparation of a formal drawing of the project.

Human resource and subcontractors

$3000

Approval of the drawing from the authority.

Permits

$10,000

Marking the ground

Human resource

$100

Cleaning the marked ground

Human resource

$2,000

Marking the ground-based on accurate dimensions

Human resource

$800

Excavation

Construction plant, equipment, human resource, and subcontractors

$50,000

Compacting the ground

Construction plant, equipment, and human resource

$105,000

Putting solid bases on which footing can be placed.

Product and materials, human resource

$100,000

Footing replacement

Product and materials, human resources, construction equipment

$80,000

Shuttering

Construction equipment, human resource

$79,000

Footing concrete

Construction equipment, subcontractors, human resource, product, and materials

$150,000

Column costing

Construction equipment, human resources, subcontractors, products, and materials

$190,000

Constructing the base of the wall

Human resources, product, and materials, construction equipment

$100,000

Wall construction

Human resource, product, and materials

$60,000

Reinforcing openings using cement concrete

Human resource, product, and materials

$100,000

Pouring the roof slab

Human resources, product, and materials, construction equipment

$150,000

Fixing doors and windows

Human resource, product, and materials

$60,000

Fixing electrical works

Subcontractors, human resources, products, and materials

$40,000

Fixing plumbing work

Subcontractors, human resources, products, and materials

$50,000

Tiles laying

human resource, product, and materials

$35,000

Painting

Subcontractors, human resources, products, and materials

$90,000

Terrace waterproofing

Subcontractors, human resources, products, and materials

$45,000

Part 3

The following is a representation of the cumulative budget for the activities.

Activities

Resource

cost

Preparation of drawing

Human resource

$3000

Estimation of material cost

Sub-contractor

$2000

Estimation of labor costs &contingencies

Sub-contractor and human resource

$1500

Preparation of a formal drawing of the project.

Human resource and subcontractors

$3000

Approval of the drawing from the authority.

Permits

$10,000

Marking the ground

Human resource

$100

Cleaning the marked ground

Human resource

$2,000

Marking the ground-based on accurate dimensions

Human resource

$800

Excavation

Construction plant, equipment, human resource, and subcontractors

$50,000

Compacting the ground

Construction plant, equipment, and human resource

$105,000

Putting solid bases on which footing can be placed.

Product and materials, human resource

$100,000

Footing replacement

Product and materials, human resources, construction equipment

$80,000

Shuttering

Construction equipment, human resource

$79,000

Footing concrete

Construction equipment, subcontractors, human resource, product, and materials

$150,000

Column costing

Construction equipment, human resources, subcontractors, products, and materials

$190,000

Constructing the base of the wall

Human resources, product, and materials, construction equipment

$100,000

Wall construction

Human resource, product, and materials

$60,000

Reinforcing openings using cement concrete

Human resource, product, and materials

$100,000

Pouring the roof slab

Human resources, product, and materials, construction equipment

$150,000

Fixing doors and windows

Human resource, product, and materials

$60,000

Fixing electrical works

Subcontractors, human resources, products, and materials

$40,000

Fixing plumbing work

Subcontractors, human resources, products, and materials

$50,000

Tiles laying

human resource, product, and materials

$35,000

Painting

Subcontractors, human resources, products, and materials

$90,000

Terrace waterproofing

Subcontractors, human resources, products, and materials

$45,000

Total

$506,400




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