Unit VI: Project Budget Rebecca Parks Unit VI: Project Budget Project Resources The major resources required in this project include the team that is supposed to execute the project, the materials necessary for initiating the social entrepreneurship and the talent identification, and the capital that is meant to implement the project

Subject:ManagementPrice: Bought3

Share With

Unit VI: Project Budget

Rebecca Parks

Unit VI: Project Budget

1. Project Resources

The major resources required in this project include the team that is supposed to execute the project, the materials necessary for initiating the social entrepreneurship and the talent identification, and the capital that is meant to implement the project. They form the direct costs that the project incurs during the whole execution process.

1. Other Costs

Other costs to be incurred by the business include the overhead operating expenses which include the utilities to be used by the project, venue leasing fees, and the materials to be consumed during the events. Also, the total annual estimated annual salaries of the employees working to implement the project.

1. Cost Estimated

Our project is at the beginning stage. However, with all the objectives that we intend to fulfill over the years, we have been able to estimate our expenditure to amount to $1 million. With the contributions that we have been able to get from the project control support, our total estimate comes to about $1.5 million.

Final Estimated Project Budget

Project Budget Template	Worker	Hourly Rate	Estimated Time	No. of Units	Price/ Unit	Planned Budget	Actual Expenses	Difference Between Budget and Expenses
Scholarship for doctors	Johnson Linn	45	200	200	2, 000	400,900	426,125	25,225
Scholarship for health science students	Arthur Stark	40	250	100	15,000	160, 200	185, 425	25,225
Talent identification and nurturing	Thomas Denis	40	300	100	3,000	312, 000	337, 225	25,225
Social entrepreneurship	Austin Clark	50	300	10	50,000	515, 000	540,225	25,225

Total 1, 500, 000