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Assessments

Date Posted: 10/01/2019
Category: Business
Due Date: 17/01/2019
Instruction
1. Calculate the direct cost of labor for a project team member using the following data: hourly rate: $55/hour; hours needed: 150; and overhead rate: 35% 2. 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? NOTE: See attachment for chart to answer question #2 3. Calculate the direct cost of labor for a project team member using the following data: hourly rate: $75/hour; hours needed: 180; and overhead rate: 45% 4. Early project budget and schedule estimates tend to be much less accurate than those made closer to the actual project start date. Given this fact, why are early project estimates often required by senior managers? What purpose would seemingly inaccurate estimates serve? 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? NOTE: See attachment for chart to answer question #5
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