csu mba6961 unit 4 assessment

Unit IV Assessment
Question 1 Why is cost estimation such an important
component of project planning? Discuss how it links together with the Work
Breakdown Structure and the project schedule.
Your response should be at least 75 words in length.

Question 2 Would you prefer to use the bottom-up or top-down
budgeting project cost control? What are the advantages and disadvantages
associated with each approach?
Your response should be at least 75 words in length.

Question 3 Calculate the direct cost of labor for a project
team member using the following data:
Hourly rate: $65/hour, Hours needed: 160, and Overhead rate:
45%

Question 4 Assume that overhead is charged on a flat rate
basis. Each member of the project is assigned an overhead charge of $300/week.
What would be the direct cost of labor for an employee, given that she is
assigned to the project for 120 hours at $10.50?

Question 5 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?