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Solution CS615

The document outlines a Cost Management Plan for a Delivery Management System project over 6 months for a mid-sized logistics company, detailing required resources, cost estimation, and cost control strategies. The total estimated cost is 710,000 PKR, covering personnel, tools, software, and hardware. It also includes a cost control system with monitoring tools, earned value management, and a contingency reserve for unexpected changes.

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43 views3 pages

Solution CS615

The document outlines a Cost Management Plan for a Delivery Management System project over 6 months for a mid-sized logistics company, detailing required resources, cost estimation, and cost control strategies. The total estimated cost is 710,000 PKR, covering personnel, tools, software, and hardware. It also includes a cost control system with monitoring tools, earned value management, and a contingency reserve for unexpected changes.

Uploaded by

masoodurrehman469
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Assignment: Cost Management Plan for Delivery Management System

Project Duration: 6 months


Company Type: Mid-sized Logistics Company
Team Composition: Developers, Testers, UI/UX Designer, Project Manager,
Cost Manager
Role: Cost Manager

1. Resources Required for the Project


Resou
rce Details
Type
Perso 2 Developers, 1 Tester, 1 UI/UX Designer, 1 Project Manager, 1
nnel Cost Manager
Project management software (e.g., Jira), Design tool (Figma),
Tools
Version control (GitHub), Testing tool (Selenium)
Hardw Laptops/Desktops, Network Infrastructure, Test Devices
are (Mobile/Tablets)
Softw Operating Systems, IDEs (VS Code), Database (MySQL), Server
are (AWS), Frontend (React), Backend (Node.js)

2. Cost Estimation of Each Activity


Durati Estimated Cost
Activity Personnel Involved
on (PKR)
Requirement 2 Project Manager, Cost
80000 PKR
Gathering weeks Manager
3
UI/UX Design UI/UX Designer 120,000 PKR
weeks
3.5
Development month Developers (2) 200,000 PKR
s
1.5
Testing month Tester 60,000 PKR
s
2 Developers, Project
Deployment 100,000 PKR
weeks Manager
Tools & Software - All 50,000 PKR
Hardware &
- All 100,000 PKR
Devices
Total
Estimated - - 7,10,000 PKR
Cost

3. Cost Baseline for Each Activity (in PKR)

Baseline Cost
Activity Justification
(PKR)
Requirement
80,000 PKR Meetings, documentation, consultations.
Gathering
UI/UX Design 120,000 PKR Research, wireframes, prototyping.
Backend & frontend development by
Development 2,00,000 PKR
two developers.
Testing 60,000 PKR Manual and automated testing.
Deployment 100,000 PKR Final setup, server, security measures.
Tools & Software 50,000 PKR Jira, GitHub, Figma, testing tools.
Hardware &
100,000 PKR New laptops, devices for testing.
Devices
Total Baseline 7,10,000 PKR Controlled within project limits.

4. Cost Estimation Table Summary (PKR)

Component Cost (PKR)


Personnel 560,000 PKR
Tools &
50,000 PKR
Software
Hardware 100,000 PKR
Total 710,000 PKR
Simple Pie Chart (Data for Chart)
Percenta
Component
ge
Personnel 89%
Tools &
5%
Software
Hardware 6%

4. Cost Control System

To manage and control project costs effectively:

 Cost Monitoring Tools: Use tools like Jira, Trello, or MS Project to track
time and resource usage.
 Earned Value Management (EVM): Track Cost Performance Index (CPI)
and Schedule Performance Index (SPI).
 Weekly Reporting: Review actual vs planned expenses with stakeholders.
 Change Control Board (CCB): Any cost-related change must be approved
by the board.
 Buffer: A 10% contingency reserve (70,000) will be kept aside for
unexpected changes.
 Alerts & Thresholds: Set alerts for exceeding 80% of the budgeted cost for
any activity.

Note: These costs are estimated according to the development standards in


Pakistan.

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