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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