Create a cost estimate and model for building a new, state-of-the-art multimedia
ID: 330137 • Letter: C
Question
Create a cost estimate and model for building a new, state-of-the-art multimedia classroom for your organization within the next six months. The classroom should include 20 high-end personal computers with appropriate software for your organization, a network server, Internet access for all machines, an instructor station, and a projection system. Be sure to include personnel costs associated with the project management for this project. Document the assumptions you made in preparing the estimate and provide explanations for key numbers.
Explanation / Answer
This assignment is mainly focused on developing the cost estimation model for establishing a state of the art multimedia classroom in just six months. He different features which will be included in the classroom are20 high-end personal computers having the appropriate software, projection system, an instructor station, internet access for all machines and a network server. The data for the construction of the building is also provided and this is mainly focused on to break down the figures into different parts of a cost estimation plan.
Once this is accomplished, the estimation of the total cost will be done in order to facilitate the funds required for the creation of such a classroom. With the help of given data, estimation of the cost is done so that the developer is able to create a financial viability of developing the building. The estimation of the cost will help in determining whether the developer can initiate the construction or not.
Estimated development cost
Estimated development cost
Activity
Personnel
Duration
Cost
Site purchase cost
Owner/Company
2 months
160000
Construction
Planning costs
Planning
Project Manager
1 month
30000
Designing Cost
Designing
Architect
1 month
10000
Average floor building cost
Building
Contractor
2 weeks
(1125 x 4200)
25000
Instructor station
Building
Contractor
1 week
10000
Classroom Section
Contractor
1 week
10000
Installations
Personal computers
Installation
System Administrator
1 week
20000
Network Servers
Installation
System Administrator
1 week
15000
Projection System
Installation
System Administrator
1 week
10000
Internet Installation
Installation
System Administrator
1 week
10000
Total development costs
300000
Estimated development cost
Activity
Personnel
Duration
Cost
Site purchase cost
Owner/Company
2 months
160000
Construction
Planning costs
Planning
Project Manager
1 month
30000
Designing Cost
Designing
Architect
1 month
10000
Average floor building cost
Building
Contractor
2 weeks
(1125 x 4200)
25000
Instructor station
Building
Contractor
1 week
10000
Classroom Section
Contractor
1 week
10000
Installations
Personal computers
Installation
System Administrator
1 week
20000
Network Servers
Installation
System Administrator
1 week
15000
Projection System
Installation
System Administrator
1 week
10000
Internet Installation
Installation
System Administrator
1 week
10000
Total development costs
300000
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