Cmgt 410 Week 3 - Project Budget

641 Words3 Pages
Project Budget Project Budget MEMORANDUM To: All Stakeholders and Trainers From: Project Manager ------------------------------------------------- Date: January 13, 2015 Budget We have received the go ahead to move forward with the two day off site training session for the new ERP software. This memo will explain the parameters of the budget for this project and break down the costs, timing, and the resources that will be needed to make this project successful. The following budget will cover the cost of the trainer, accommodations, and materials that will be needed for both training sessions. There will also be additional money set aside for any unexpected expenditures that may come up and are needed to complete the training. There will be two trainers for these sessions. Each trainer will receive a wage of $39.28 per hour (U.S. Bureau of Labor Statistics, 2014), at six hours each day for two days, the total cost for both trainers will be $942.72. Each manager will be receiving a training pay rate of $18.00 per hour; there will be a total of 18 managers attending the training sessions which amounts to the total of $3,888.00 for all 18 managers attending both training sessions. Accommodations for both trainers and all managers will be arranged at the Days Inn. The trainers will share a room with two queen beds at the cost of $60.00. Managers will also be paired up to share a room at the cost of $540.00 for nine rooms with each room containing two queen size beds. The banquet room will cost a total of $1,200.00 for the two days. The cost of the audio/video equipment has been included in this price as the hotel has its own equipment which will be suitable for our training sessions. Since the hotel offers a free continental breakfast, there will only be a cost for lunch and the dinner vouchers. Food costs for the training sessions will be

More about Cmgt 410 Week 3 - Project Budget

Open Document