Project Name – HR Connect

# 5 Create a Project Budget

Time Period

Budget
Budget Budget Budget Total Budget Total Budget
Components Amount (AED)​ Aug'20 Sep'20 Till Sep'20 Oct'20 Till Oct'20 Nov'20

License cost ​(1 year) ​100000 200 200 400 200 600 200

Implementation ​partner 100000​ 5000 10000 15000 15000 35000

Management reserve 50000​ 0 0

Contingency ​ 50000​ 0 0

Project team ​ 175000​ 29165 29165 58330 29165 87495 29165

Change management 25000​ 1500 1500 3000 5000 8000 5000

Total in AED​ ​500000 35865 40865 76730 34365 111095 69365
 HR Connect Budget
e Period

Budget Budget Budget

Total Budget Total Budget Total
Till Nov'20 Dec'20 Till Dec'20 Jan'21 Till Jan'21

800 200 1000 14000 15000

50000 50000 50000 100000

0 0 0

0 0 0

116660 29165 145825 29165 174990

13000 6000 19000 6000 25000

180460 35365 215825 99165 314990
 Remarks / Breakup

1. Procured licenses for 500 @ AED .4 per user per month till Dec'20.
2. Procured licenses for 35000 @ AED 4 per user per month from Jan'21 till July'21
3. Post this licenses will be renewed at the same rate for next 3 years without any increase

This is milestone based and fixed cost will be paid to the implementation partner. Milestones are:
1. Review and Sign off – configuration workbook post familiarisation session- 5%
2. Review and Sign off – Global Process and configuration workbook post process playback 2 - 10%
3. UAT Sign off - 35%
4. Go live - 35%
5. Post go live support & transition - 15%
10% of the overall project cost is reserved for unforeseen work that is within scope of the project

10% of the overall project cost is reserved for known-unknowns that may impact the project schedule
known unknowns such as:
1. Being a cloud product it may not meet the critical requirements and we may have to wait for next update
2. GPO being available for this project only 50%, this schedule may get impacted in case of any unforeseen
circumstances
3. Due to time / developing tools constraints we may have to outsource developing the training materials
4. We may have to take external consultant advise on defining global process

1. PM (FTE) - 13500 X 6 = 81000

2. Change Manager (FTE) - 10000 X 6 = 60000
3. GPO (50%) - 5000 X 6 = 30000
4. Quality Manager (10%) - 665 X 6 = 4000

1. Stakeholder engagement meetings - Travel , Entertainment - 10000

2. Communication creatives - 10000
3. LCD Projector to conduct training , travel - 5000