Cost Management

Labor Cost 

  • spending more time creating software.
  • spending resources to cover any other problems that may occur in the project.

Equipment 

  • Hardware replacement and upgraded custom software

Additional cost 

  • Training
  • Freelance project manager

Identification of cost

The estimates for the project will be managed by the finance team member Mamie Wakefield. These estimates will be presented in a spreadsheet containing essential information by categories, descriptions, and total cost. Reports will be given to Team leader on a weekly basis during the team meeting.

Resolution of cost problems

The project team will do their best to finish everything within the designated budget everything within the designated budget. In the event that delay occurs the additional fees will be added to the final report