Week 3 Assignment: Project Budget
By: Jane Morales
CMGT/410 Project Planning and Implementation
Instructor: Don Beetle
3/23/2013

Memorandum

To: Jim Klondike COO
From: Jane Morales
Date: 5/23/2013
RE: Project Budget

The go ahead has been giving to move forward with the two-day offsite training for the branch managers. The memo will explain the budget expenditures for this project and break down the costs, timing, and resources needed to make this project a success.

This budget will cover the cost of the trainer, accommodations, materials needed for the training, and any other monetary expenditures necessary to complete the training. A median trainer will cost $27.33 an hour (U.S. Department of Labor), at 8 hours each of the two-day training the trainer will cost $437.28 for the two days. The managers will be getting paid a training pay rate of $15.00 an hour; there are a total of 16 managers attending for a total of $3,840.00 Next the accommodations for trainer and 16 managers at the Double Tree Inn will cost $279.00 (one room) for the trainer and $274.00 (8 two bed rooms) for the managers who will be staying two to a room. This will run $2,255. Then the cost of a banquet room to hold the trainings in will cost $1,000 (special pricing), luckily the hotel has audio/video equipment that will be rolled into the cost of the rooms and banquet hall. Next the cost of airfare for those who will have to fly in (8 @ $215 each), the rest will drive in and will get paid mileage (8 @ $0.15 x 700 miles) for a total of $2,560. Finally, another $1,000 will be made available to cover other expenditures that may arise. This brings the over all budget to $11,092.28 which will be rounded up to $11,100.

The estimates for task durations are as follows. The set up will take an hour to prepare (setting up audio/video equipment, setting up the