Cost and Budget Plan: Create a Cost Statement and Insert Cost Estimates for Project from Microsoft Project work.

Please create 1, Project Cost Statemen. 2, Cost Baseline Statement for the case.

–You have been given a budget in your case study, and you need to determine if that is a realistic budget.
–You need to prepare a level cost estimate considering the major deliverables and activities contained within your WBS.
–Based on this weeks lectures and reading materials, your team needs to decide a way of developing this cost estimate.
–Create a brief cost statement that describes the approach used by the team and any assumptions relied upon when creating the cost estimates for your project
–Using your work in MPP, create a cost estimate organized either by major deliverables or major phases of your your WBS.
–Make sure you consider all the major areas of this project into account: logistics (travel, lodging, food), consulting fees, support team costs, etc.
–Use your resource loaded schedule (addressing any over-allocation) with the assigned effort, quantity and rates, to develop a clearer idea of the costs associated with your project.
–As part of this portion, be sure to include a statement as to whether or not you initially believe that the budget provided will be sufficient.