Schedule and Budget

Learning Goal: I’m working on a management question and need an explanation and answer to help me learn.

Create a project schedule and budget for the designing of a low-cost ultralight electric tiltrotor aircraft.

Use the following guidelines to complete your assignment:

• Project scope: Refine the project scope statements from the scope statement in the charter from Wk 1.
• Develop a work breakdown structure (WBS) from the refined scope statement.
• Project schedule: Using Microsoft® Project and the WBS you developed above, create a schedule for your project’s lifecycle. Include specific tasks and milestones, with time and resource estimates, to meet organizational objectives in 350 words.
• Project budget: Using Microsoft® Excel® and the project schedule, WBS, and scope statement, create a time-phased budget containing cost estimates. Include direct and indirect costs for labor, machinery, equipment, supplies, and other elements applicable to the project.

Incorporate your facilitator’s feedback into the schedule and budget.