How many work weeks are in the project timeline, where work will actually occur?The project timeline runs from 1 January 2017 to 31 March 2018. This implies that there are 65 weeks in total within this period. However, taking into consideration that there are three weeks for vacation, the number of weeks in the project timeline where work will actually occur is 62 weeks.
How much money does the team cost per hour?
There are 10 managers. The manager salary for an hour is $100. Therefore, the cost for managers per hour is $100 x 10 = $1,000.
There are 100 programmers and staff. Their rate per hour is $35 per hour. Therefore, the cost for programmers and staff is $35 x 100 = $3,500.
This implies that the team costs $4,500 per hour.
How much money does the team cost per week?
Every week contains forty working hours. Taking into account that the cost per hour is $4,500, the total cost per week is $4,500 x40 = $180,000.
How much money does the team cost for the duration of the IT project?
The total cost incurred for the team for a week is $180,000. The total number of weeks for the IT period is 62 weeks. Therefore, the total team cost for the duration of the IT project is $180,000 x 62 = $11,160,000.
Remembering that maintenance is amortized, that payments begin during the first month of the project, and that all other system costs are assigned to the project, what is the total systems cost through the timeline completion on 31 March 2018?
Amortization takes into account the disseminating payments over a particular time in multiple periods. These payments that are spread out are equally paid out in the various payment periods (Deegan, 2013; Riahi-Belkaoui, 2004). The system maintenance is amortized through a five-year period and the total cost is $5.0 million. This implies that for every year, the amortization cost is $1.0 million. The total timeline period is 62 weeks and this is equivalent to 1 year and 2.5 months.
Taking into consideration that 1 year = 12 months, 2.5 months will have an amortization...
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