What can be done to lower the budget and reduce the project’s duration?

The following steps should be followed when setting up your project fixed costs with Microsoft Project:

Go to the gray area at the top of the project on the Duration column and Right Click and choose Insert Column. Type in Fixed Cost and hit enter.
Enter the fixed costs above in the fixed cost column as listed adjacent to the appropriate tasks.

Step 2: Update MS Project With Variable Cost Information
Back to Top

Variable Resource List

Most projects have variable costs. These are costs that change with the amount of work being done. These are commonly seen as dollar per hour costs. Most of your resources will be dollar per hour costs. Follow the steps below to enter this data.

Resource Variable Cost List Instructions for Microsoft 2010

Using this information, go back into the Resource Sheet to update the hourly rate for each resource.

Click on the View tab. Click on the Resource Sheet icon under the Resource Views section. The resource sheet icon is the middle icon on the right of this view with two heads. Check to make sure the Type field is Work and enter the dollar amount above for the hourly rate for each resource in the Std. Rate column.
To access various reports with cost and other information select Reports under the Project tab.

Resource Variable Cost List Instructions for Microsoft 2007

Using this information, go back into the Resource Sheet to update the hourly rate for each resource.

Click on View, Resource Sheet, and enter the standard rate for each role. This will default to $/hour.

Step 3: Answer the Following Essay Questions
Back to Top

Answer the Following Essay Questions

Now that your project schedule has been created, your resources have been loaded, and your resource costs have been allocated, please analyze your results and answer the following questions.

After you enter all of your resources, answer the following questions.

What is your total budget for this project? Does this budget make sense? (15 points)
What can be done to lower the budget and reduce the project’s duration? (15 points

Are you looking for a similar paper or any other quality academic essay? Then look no further. Our research paper writing service is what you require. Our team of experienced writers is on standby to deliver to you an original paper as per your specified instructions with zero plagiarism guaranteed. This is the perfect way you can prepare your own unique academic paper and score the grades you deserve.

Use the order calculator below and get started! Contact our live support team for any assistance or inquiry.