green computing project-(cost estimate)
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Green Computing Research Project 1
This paper summarizes the ground rules and assumptions involved in the preparation of a
preliminary estimation of cost for the Green Computing Research project (GCR).The strategic
goal of the GCR project is to help improve the environment while increasing revenues and
reducing costs. Based in a previous detailed research, it was determined that this is a feasible
project, and other organizations successfully completed similar projects in the past. The cost was
estimated by the existing WBS (attached to this document) and by month. The project manager
will report progress on the project using earned value analysis. Since the project must be
completed within six months, the cost does not include any inflation rate, and will be calculated
in U.S. dollars. This project objective is to produce a final report listing at least four
recommendations for implementing Green Computing technology. The preliminary total cost
estimate was calculated to be $ 390,000 based on the following compensation rates: PM (Carlos)
$100/hour (26x40x100) = $104,000 (full-time); Teresa (Sys. Analyst) $90/hour (26x20x90) =
$46,800 (part-time); James (Sr. Consultant) $90/hour (26x20x90) = $46,800 (part-time); Le
(Expert) $90/hour (26x20x90) = $46,800 (part-time); Matt (IT specialist) $80/hour (26x20x80) =
$41,600; Outsources $200/hour (26x20x200) = $104,000. All team members are senior level
experts in their respective areas; therefore the need for training fees is not expected. Based on the
above distribution of funds, the projected cost estimate of $ 390,000 is represented in terms of
percentage in the WBS as follows:
Initiating: 10% = $39,000
Planning: 15% = $58,500
Executing: 65% = $253,500
Monitoring and Control: 10% = $39,000
A reserve fund ($78,000) was calculated at 20 percent of the total estimate. A cost model
was developed based on the information above and attached to this document. After the total cost
is approved, the team can then allocate the costs for each month based on the project schedule
and when the cost will be incurred.
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Green Computing Research Project 2