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Project Management: Identify all of the costs involved

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Building from the projects attached to this posting and complete the following:

Identify all of the costs involved in the project. Label the costs either direct cost, project overhead costs, or general and administrative overhead costs.
Develop a time-phased budget for the project. What will be the cumulative cost of the project?
Identify areas in the budget where cost cutting can be made if needed?
Identify and assess one major and one minor risk inherent to the project. Develop a contingency plan for each of these risks.

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CLASSIFICATION OF COSTS FOR THE EMPLOYEE TRAINING PROGRAM
The costs incurred for the training plan have been grouped into Direct Costs, Overhead Costs, and General and Administrative Costs. These are given as below:
DIRECT COSTS
Salaries and benefits of personnel, equipment

Direct implementation costs
training materials
technology costs
travel
equipment
Supplies
Facilities
Other (telephone, janitorial, security, etc)

OVERHEAD COSTS
Training overhead related to providing training to participants,
such as easels and projectors

Information system overhead for indirect costs related to
computer systems, such as Internet Service Provider fees

Loss of productivity costs or cost of "backfilling" positions
during training

G&A COSTS
Meetings for training plan discussions

Notional internal costs of training rooms and equipment used

Hours of administration required per employee including direct
administration cost, like materials, registration, etc.

TIME-PHASED BUDGET FOR THE EMPLOYEE TRAINING PLAN
The Work Breakdown Structure shows the ...

Solution Summary

The expert identifies all of the costs involved in a project. Project management techniques are examined.

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