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Question :

Elements of a WBS for a project to build a bunk bed are given. Using the information supplied here, create a WBS and carry out a bottom-up cost estimate.

Answer :

Following are elements of a WBS for a project to build a bunk bed. Using the information supplied here, create a WBS and carry out a bottom-up cost estimate.

  Cost($) Rate ($/hr)  Time (hrs)
Research : Jimmy' time      1
 Dad's time   25 
Materials:  Lumber  200    
 Hardware  45    
 Power equipment rental  65    
  Jimmy's time to acquire materials     1  3
 Dad's Time to acquire materials    15
 Construction :  Jimmy's time    1
 Dad's time    20
Inspection:  Mom's time    10 0.5 

Gantt chart:

managing-projects-in-organization
 

Cost Estimation:

1. Research $52.00 
2. Material $388.00 
3. Construction  $208.00 
4. Inspection  $ 5.00
  Total: $653.00

 

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