Determine cost of machine that is applied to project cost


Homework: Project Management Organizational Essay

i. Assume that several of the resources assigned in your project to complete activities are robotic machines rather than staff. How would you determine the cost of the machine that is applied to the project cost? Describe the steps you might take.

ii. When staff resources are assigned to the project, there are several costs to consider including the salary or hourly wage and miscellaneous employee overhead costs such as benefits. What costs should and should not be considered when applying staff costs to the project?

iii. If you had the option to expedite deliverables by having project team members work longer hours, or paying the costs of additional staff, which would you choose? Describe how you would proceed and explain your rationale.

iv. Assume that you are managing a project that uses team members from two locations. Each location employs staff using different schedules and shifts. Describe how you might manage resource homework in this situation without interfering with employee schedules.

v. Employees who are assigned to project teams often normally work in functional departments. Each department includes supervisors, managers, and a department director. Should a project manager include some portion of the department management costs in the cost of the employees assigned to the project? If so, discuss how you might do this.

Format your homework according to the following formatting requirements:

i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.

ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.

iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.

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Project Management: Determine cost of machine that is applied to project cost
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