Cost Estimation

Directions Based on the information given: 1. Complete the missing information in the chart below. Calculate the User Manual package based on the calculation of the cost for each one of the previous activities. XID Description Activity Cost Quantity Total Cost 1.4.1.3 Write Document Technicians develop the main content of the report. $120/da y 3 Working days $360 1.4.1.3 Review Style Review design $500 1 Person $500 1.4.1.3 Diagram Document A graphic design professional oversees the diagramming of documents $280/doc 1 Doc $280 1.4.1.3 Print 3 Copies Print 124 pages, 3 copies. $5/page 124 x 3 $1,860 Work Package Total Cost $3,000 2. Complete the chart given below. Calculate a total contingency reserve equal to 10% of the estimated cost of the deliverables (design, development, and implementation). Quality assurance and training, estimate 3% of the estimate as the contingency reserve. Deliverable Costs Contingency Reserve ID Description Percent Value 1.1 Design $ 300 10 % $270 1.2 Development $ 300 10 % $270 1.3 Quality Assurance $400 3 % $388 1.4 Training $1,000 3 % $970 1.5 Implementation $800 10 % $720 Initial Estimate $2,800 Total Reserve $2,618