Project Management Essay Example | Topics and Well Written Essays - 750 words - 8

Project Management - Essay ExampleSome of the cost are administrative, utility bills, etc. this cost are involved in the budget preparation using an agreed rate stating that collateral cost not to exceed a given percentageage of the hit cost, most project engagement 15 percent.No, because other costs e.g. taxes and interests that were not involved in execution of the project either right off or indirectly were deducted from the receipts after selling the project. From my point of view the project seems to generate revenue over time as compared to selling it at the completion which testament fetch a downhearted price.Average cost of concrete worker per hour (ACW/H) is $ 24.83 (Average hourly and weekly earnings of fruit and nonsupervisory employees on private nonfarm payrolls by industry sector, seasonally adjusted, n.d.).These command processing overhead time charges are the costs that will be incur as the pouring of the reinforced concrete is executed, also referred to as indirect cost. The total estimate cost is $ 67,596. According to (Parker & Isola, 1991) overhead charges charge should not exceed 15%It is very key when a construction project or any other project is being implemented the overhead cost ought to be considered and caution to be taken, so as to prevent budget from being in crisis.Steel is one of the vital components required in reinforcing concrete. When the price of steel increases this has a negative bear on to the budget of the project. This normally happens due to inflation or other factors that affect prices in the market. An increase in price will force the project manager to reduce the fund allocated to other activities or to come other funds to overcome the deficit. In budget preparation it is advisable that a 20 percent excess of the actual estimate should be added so as to take care of scenario like this one(Parker & Isola, 1991).Whenever hurricanes communicate they cause destruction or