A special project called flywheel has an estimated cost of, Financial Management

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A special project called flywheel has an estimated cost of

A special project called “FLYWHEEL” has an estimated cost of $2,000,000. There are three major divisions to this project: Definition of Project, Design, and Implementation.

a. Definition of Project is budgeted at 15% and includes:

i. Project Objectives 5%

ii. Technology 10%

b. Design is budgeted for 25%

c. Implementation is budgeted for 60% and includes:

i. Purchasing: 15%

ii.Retooling: 40%

iii. Training: 5%

d. What are the estimated costs for the following components of the project?

1. Technology

2. Training

3. Retooling

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