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Online Procurement System Cost Estimate

The document provides a high level estimation for an Online Procurement Management System project for XYZ Inc. It estimates the time and costs for each phase of the project including initiation, planning, execution, closing, and maintenance. The total estimated hours for the project are 1,580 hours at a cost of $80,300 assuming $50 per hourly rate.

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Ashok Kumar
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85 views2 pages

Online Procurement System Cost Estimate

The document provides a high level estimation for an Online Procurement Management System project for XYZ Inc. It estimates the time and costs for each phase of the project including initiation, planning, execution, closing, and maintenance. The total estimated hours for the project are 1,580 hours at a cost of $80,300 assuming $50 per hourly rate.

Uploaded by

Ashok Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Project High Level Estimation

Project: ONLINE PROCUREMENT


MANAGEMENT SYSTEM
Owner XYZ, INC.
Date 06.08.2020

Project High Level Estimation


Time Cost Estimate
Estimate (Assume $50
Tasks (enter hourly hourly numeric
numeric values values only)
only)
Initiation Phase
Project Management 45 $2,250
Conceptual design 60 $3,000
Approval activities 45 $2,250
Planning Phase 0
Describe module requirements 150 $7,500
Describe data requirements 60 $3,000
Tools preparation 45 $2,250
Execution Phase 0
ORGANIZATION MODULE 393 $19,650
SUPPLIER MODULE 288 $14,400
Testing 345 $17,250
Training 45 $2,250
Closing Phase 0
Lessons learned and evaluation 0 $750
Contract closing 30 $1,500
Financial closing 45 $2,250

11/16/2020 Page 1 of 2
Project High Level Estimation

Time Cost Estimate


Estimate (Assume $50
Tasks (enter hourly hourly numeric
numeric values values only)
only)
Maintenance and hand-over 45 $2,250
Total Estimated Hours*& Cost**: 0 $80,300
*The hours are compounded to nearest numerical values for ease of understanding
**The total cost of the proposed application vary with the estimate.

11/16/2020 Page 2 of 2

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