Memo
To: Daffy Duck
From: Allen Kerr
Date: January 16, 2013
Purpose:
To provide quality training for the new audit compliance system there will be necessary expenditures. This memo will present the final budget proposal these expenditures include but are not limited to: wages, materials, travel expenses, and training materials. Steps have been put in place to minimize the overall cost of the training but not at the cost of quality of the project.
Budgetary Numbers: Humane Resources Cost:
While the Looney Tune Bank and Trust Corporation has many internal resources that will be used to make this training successful but there are certain task that must be outsourced. The internal resource includes one resource from project management, two resources from the training department, two resources from human resources, and two subject matter specialist from the IT department. External resources include three resources from a printing company and two resources from a travel agency. The overall cost of the wages for the human resources to complete the Being Compliant training project total $9,700 dollars.
Material Resources Cost:
Material costs include the materials for training packages, note-taking materials, and registration material. The material and printing cost are estimated at $1000.
Traveling Expenses:
The Human Resource Department has identified 25 branch managers that will be required to attend the training. The travel expenses will include round-trip airfare, two night hotel stays, and transportation to and from the hotel. Airfare is estimated at $250 per person for round trip economy tickets. Airfare costs total are estimated at $6,300 dollars. Hotel room rates are estimated at $125 at night based on single occupancy. The estimated totals for hotel cost are $6,500. The transportation costs for the trainees is estimated at $500