Project Identification

Project Name: XXXXXXXXXXXXXXXXXXXX Cost estimation method used: (circle)

Project Manager: XXXXX Project Sponsor: XXXXX Consensus Expert Judgment

Alternative Analysis
Document Date: 30 May 2017 Document Version: Rev 0 Parametric Estimating
Analogous method
3-point estimate Vendor bid analysis
Project Cost Information

Time (days)

Actual Cost
Description

Dependent
Estimated

Resource

Resource

Budgeted
Materials
Task ID

Upon
Task

Cost

Cost
1 Initiation Phase
1.1 Brainstorm
Meeting of Project Sponsor and Project
1.1.1 1 - PM, PMTM (3) $ 384.00 $ - $ 384.00 $ 384.00
Team
1.1.2 Create Project Purpose Statement 4 1.1.1 PM, PMTM (3) $ 1,536.00 $ - $ 1,536.00 $ 1,536.00
1.2 Initiation Documentation
1.2.1 Prepare Project Charter 3 1.1.2 PM $ 288.00 $ - $ 288.00 $ 288.00
1.2.2 Prepare and Present Business Case 4 1.2.1 PM, PMTM (3) $ 1,536.00 $ - $ 1,536.00 $ 1,536.00
Project Sponsor reviews Project charter PM, PS(Ext)
1.2.3 3 1.2.2 $ 288.00 $ - $ 288.00 $ 288.00
and Business Case
1.2.4 Milestone: Project Approval - 1.2.3 - $ - $ - $ - $ -
2 Planning Phase
2.1 Project Scope
2.1.1 Prepare Project Scope 2 1.2.4 PM, PMTM (3) $ 768.00 $ - $ 768.00 $ 768.00
2.1.2 Get agreement on Project Scope 2 2.1.1 PM, PMTM (3) $ 768.00 $ - $ 768.00 $ 768.00
2.1.3 Determine Project Execution Team 1 2.1.2 PM $ 96.00 $ - $ 96.00 $ 96.00
2.2 Estimation
2.2.1 Create Project Budget 3 2.1.3 PMTM (2) $ 576.00 $ - $ 576.00 $ 576.00

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 2.2.2 Create Project Schedule 2 2.2.1 PMTM (2) $ 384.00 $ - $ 384.00 $ 384.00
2.3 Develop Project Management Plans
2.3.1 Develop Project Scope Management Plan 2 2.2.2 PMTM (2) $ 384.00 $ - $ 384.00 $ 384.00
2.3.2 Develop Project Time Management Plan 2 2.3.1 PMTM (2) $ 384.00 $ - $ 384.00 $ 384.00
2.3.3 Develop Project Quality Management Plan 2 2.3.1 PMTM (2) $ 384.00 $ - $ 384.00 $ 384.00
2.3.4 Develop Project Cost Management Plan 2 2.3.1 PMTM (2) $ 384.00 $ - $ 384.00 $ 384.00
Develop Project Human Resource PMTM (2)
2.3.5 2 2.3.1 $ 384.00 $ - $ 384.00 $ 384.00
Management Plan
Develop Project Information & PMTM (2)
2.3.6 2 2.3.1 $ 384.00 $ - $ 384.00 $ 384.00
Communications Management Plan
Develop Project Risk Management PMTM (2)
2.3.7 2 2.3.1 $ 384.00 $ - $ 384.00 $ 384.00
Techniques Plan
Develop Project Procurement PMTM (2)
2.3.8 2 2.3.1 $ 384.00 $ - $ 384.00 $ 384.00
Management Plan
Develop Project Life Cycle Management PMTM (2)
2.3.9 2 2.3.1 $ 384.00 $ - $ 384.00 $ 384.00
Process
2.3.2 ~
2.3.10 Submit Project Plans 1 PM $ 96.00 $ - $ 96.00 $ 96.00
2.3.9
3 Execution Phase
3.1 Scope Analysis
3.1.1 Project Kick-Off Meeting 1 2.3.10 PM, PMTM (3) $ 384.00 $ - $ 384.00 $ 384.00
3.1.2 Verify and Validate User Requirements 4 3.1.1 PM, PMTM (3) $ 1,536.00 $ - $ 1,536.00 $ 1,536.00
3.2 PDMS Software
3.2.1 Design Software Macro On PDMS 15 3.1.2 PD $ 6,600.00 $ - $ 6,600.00 $ 6,600.00
3.2.2 Test PDMS Macro 1 3.2.1 PA $ 840.00 $ - $ 840.00 $ 840.00
3.2.3 Generate BOM report 1 3.2.2 PD $ 400.00 $ - $ 400.00 $ 400.00
3.2.4 Update PDMS user manual 1 3.2.3 PA $ 440.00 $ - $ 440.00 $ 440.00
Deploy PDMS macro in Project PDMS
3.2.5 2 3.2.4 PA, PD $ 880.00 $ - $ 880.00 $ 880.00
environment
3.3 Reporting
3.3.1 Project Communication Logs 15 3.1.2 PM, PMTM (3) $ 5,760.00 $ - $ 5,760.00 $ 5,760.00
3.3.2 WBS Resource Tracking report 5 3.1.2 PMTM (2) $ 960.00 $ - $ 960.00 $ 960.00
3.3.3 Prepare Risk Register 4 3.1.2 PMTM (2) $ 768.00 $ - $ 768.00 $ 768.00
3.3.4 Life Cycle Management Report 5 3.1.2 PMTM (2) $ 960.00 $ - $ 960.00 $ 960.00
3.3.5 Prepare RASCI Stakeholder Responsibility 2 3.1.2 PMTM (2) $ 384.00 $ - $ 384.00 $ 384.00

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 Matrix
3.3.6 Prepare Stakeholder responsibility Matrix 2 3.1.2 PMTM (2) $ 384.00 $ - $ 384.00 $ 384.00
4 Control & Monitoring Phase
4.1 Project Management
4.1.1 Manage Project Team and Stakeholders 15 3.1.2 PM $ 1,440.00 $ - $ 1,440.00 $ 1,440.00
4.1.2 Monitor Progress against Plan 15 3.1.2 PM, PMTM (3) $ 5,760.00 $ - $ 5,760.00 $ 5,760.00
4.1.3 Monitor Risk 7 3.1.2 PM, PMTM (3) $ 2,688.00 $ - $ 2,688.00 $ 2,688.00
4.1.4 Monitor and Control Scope changes 5 3.1.2 PM, PMTM (3) $ 1,920.00 $ - $ 1,920.00 $ 1,920.00
4.1.5 Project Status Meetings 5 3.1.2 PM, PMTM (3) $ 1,920.00 $ - $ 1,920.00 $ 1,920.00
4.1.6 Project Status Report 7 3.1.2 PMTM (2) $ 1,344.00 $ - $ 1,344.00 $ 1,344.00
5 Close-Out Phase
5.1 Final Project Reporting
Prepare Final Schedule report (Baseline
5.1.1 3 4.1.6 PMTM (2) $ 576.00 $ - $ 576.00 $ 576.00
versus actual Schedule)
Prepare Final Budget report (Baseline
5.1.2 3 4.1.6 PMTM (2) $ 576.00 $ - $ 576.00 $ 576.00
versus actual Budget)
5.1.3 Risk Register Report 2 4.1.6 PMTM (2) $ 384.00 $ - $ 384.00 $ 384.00
5.1.4 Lessons Learnt Report 2 4.1.6 PM, PMTM (3) $ 768.00 $ - $ 768.00 $ 768.00
5.1.1 ~
5.1.5 Obtain Final Acceptance 2 PM $ 192.00 $ - $ 192.00 $ 192.00
5.1.4
5.2 Archiving
5.2.1 Archive Files 5 5.1.5 PMTM (2) $ 960.00 $ - $ 960.00 $ 960.00
5.2.2 Archive Documents 5 5.1.5 PMTM (2) $ 960.00 $ - $ 960.00 $ 960.00
LEGEND
PM Project Manager Rate / Day $ 960.00
PMTM Project Management Team Member Rate / Day $ 960.00
PA PDMS Administrator Rate / Day $ 880.00
PD PDMS Designer Rate / Day $ 800.00
PS Project Sponsor Rate / Day External Not Booking to Project
Notes
1) The Project Management Team Member / Project Manager effort is only 10% of the time per day due to other workload commitments
TOTALS $ 49,960.00 $ - $ 49,960.00 $ 49,960.00

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