PRMG 035 – Assignment 01 (Answers Guidance)

This Paper Incorporate a Guidance to Solve the Assignment by Suggesting some Helpful Ideas and
Addressing the Interdependent Materials that are Found on the Blackboard. Understanding the
Solution Methods and Repeating Solve the Questions Will Help You to Harness Your Abilities and
Improve Your Knowledge about the Cost Management.

Problem Guidance to Answers Materials

Address
Problem [1] Logical Solution of the Problem as You May Confront in Real Work. You Can Read:
Based on Mathematical Skills and Logic. 1. Cost Estimation and Pricing
(Total Price of Finishing Tasks equals 71,438$.) 2. Cost Behavior Analysis _Sakr
Narrated Slides (Recorded
Materials)
3. Optimization of Resources
and Cost Maturity Model.
(Recorded Materials)

Problem [2] Based on Mathematical Skills and Logic. You Can Read:
(Contingency for imported materials delay equals 720,000$.) 2. Statistical and Probability
Tools for Cost Engineering

Problem [3] Based on Mathematical Skills

Part [A] Use the Formula “Quantity/working Hours” of one Crew. (7.5 and Logic.
inches)
Part [B] Find the Number of the Workers/Crew, then, find the Productivity
per worker per hour. (2.14 inches)
Part [C] The Product Sum of Team and Hourly Wages Divided by Sum of the
Team Members. (18.33$)
Part [D] Based on Previous Calculations. (64.7$)
Part [E] Based on Previous Calculations. (8.56$)
Part [F] Using Unit Cost Estimation or Bottom Up Estimation Method.
(30,816$)

Problem [4] Solve the Problem by Using Engineering Economy Rules and Break- 5. Construction and Industrial
Even Analysis. (9,534 Parts) Economics

Problem [5] Based on Direct Substitution in the Break-Even Analysis Equations.

Part [1] Qb = Total Fixed Costs/ (Unit Selling Price – Unit Variable Costs) 5. Construction and Industrial
Part [2] Q = [Total Fixed costs + Net Income] / [Unit Selling Price – Unit Economics
Variable Costs].
Part [3] New Qb = as in Part [1] but substitute with the new data. (3,033
units)
Part [4] Q = [Total Fixed costs + Net Income] / [Unit Selling Price – Unit
Variable Costs]
Part [5] Monthly Profit = Q x [Unit Selling Price – Unit Variable Costs] –
Total Fixed costs. (104,400$)