Capstone Project Case Study

The project manager, accountant and financial comptroller are all vital to the proper management and use of expenses used in a project. Each area has different way of looking at the expense of the project. Project manager see the allocated amount of money establishes commitment for various events. These commitments once established are then subtracted from the budget and accounted until the project is completed. The accountant is concern about the direction funds are taken. Question such as the profitability and risk are looked at heavily. They are concerned with making sure all funds are used in the most efficient and cost effective manner. They are needed to make sure the company has a long term stay and continue to be effective and relevant

Eight concrete workers will be needed for the completion of the project. They will work five days per week for 10 hours per day, and that it will take them three full weeks to complete the pouring of the foundation. To find the cost I used my hourly wage and multiplied by ten. I then took that number and multiplied by five. The final calculation was that number by three. This gave me the number of one worker for three weeks. Multiplying that number by eight gave me 21,768. This price doesn’t include overhead charges. The next part of the project is the concrete. This is estimated to be 400 cubic yard. The price time the number of cubic yard is

In chapter seven of our text reading the are percentages giving to account for the blank time not seen in the estimate. Employee will not work ten hours a day due to personnel breaks, family emergency that require phone calls and various other reason. To account for this percentage numbers are added to the calculation. There is also a direct labor charge that would be instrumental in allowing a buffer for project managers.
The project can seem relatively straight forward but can easily have problem arise that need to be dealt with. One problem that could arise is the increase in the cost of steel. Steel is a component of reinforces concrete. Steel rising is always a possible because of it quality of being a super hard metal. If you budget is set than project manager will need to seek additional funding or figure out how to cut funding in other area. This could potential be a nightmare scenario depending on how high the steel market price rises. It could cause the project to even look for alternative sources to cut on