MyAssignmentServices uses cookies to deliver the best experience possible. Read more

Manage Project Cost

Introduction to Manage Project Cost

The following expenditure details show the overall financial outcomes from the conference.

An analysis of this is as follows:

Total profit/loss: Profit

Income: $395000

Expenses: $103265

Total profit or loss is: $291735

Evaluation: Income generated from a project is more than amount of total expenditure. The amount of total income received is $395000 and total amount of expenses incurred is $103265. Profit is calculated by carrying out the difference between income and expenses which stands at $291735.

Conference Expenditure Details

Expenses

Income

Venue

$50,000

Registration fees: individuals

$100,000

Catering

$20,000

Registration fees: companies

$100,000

Speaker fees

$10,000

Sponsorship: Gold

$50,000

Speakers travel

$4,520

Sponsorship: Silver

$45,000

Publicity

$7,250

Sponsorship: Bronze

$100,000

Courier

$1,595

   

Entertainers

$6,400

   

Printing

$3,500

   

TOTAL

$103265

TOTAL

$395000

Recommendations on Manage Project Cost

As requested by Senior Management, recommendations for more accurate project estimating are as follows:

  • More than one method must be used to estimate the cost of the project.
  • Detailed task analysis of the work must be performed.
  • Determine the set of assumptions or constraints while carrying out calculations.
  • Design and make proper use of planning documents like project schedules, specifications, etc.
  • Simpler and more effective ways must be taken into consideration while organizing and performing the project.

Remember, at the center of any academic work, lies clarity and evidence. Should you need further assistance, do look up to our Management Assignment Help

Get It Done! Today

Applicable Time Zone is AEST [Sydney, NSW] (GMT+11)
Not Specific >5000
  • 1,212,718Orders

  • 4.9/5Rating

  • 5,063Experts

Highlights

  • 21 Step Quality Check
  • 2000+ Ph.D Experts
  • Live Expert Sessions
  • Dedicated App
  • Earn while you Learn with us
  • Confidentiality Agreement
  • Money Back Guarantee
  • Customer Feedback

Just Pay for your Assignment

  • Turnitin Report

    $10.00
  • Proofreading and Editing

    $9.00Per Page
  • Consultation with Expert

    $35.00Per Hour
  • Live Session 1-on-1

    $40.00Per 30 min.
  • Quality Check

    $25.00
  • Total

    Free
  • Let's Start

Get
500 Words Free
on your assignment today

Browse across 1 Million Assignment Samples for Free

Explore MASS
Order Now

Request Callback

My Assignment Services- Whatsapp Tap to ChatGet instant assignment help

Hire Certified Experts
Ask your Question
Need Assistance on your
existing assignment order?