WEEK 7

Date: 4/11/13

Introduction

The budget process is a collecting all costs associated with finishing a project. In the other terms, it is aggregating the estimated costs of individual activities or work projects (establishing) an authorized cost baseline which helps ensure it is completed for the cost expected. This week, overall cost of the project that has been estimated will be listed and discussed in details.

Objective

• To estimate overall cost of the project
• To list cost of the entire material that will be used in this proposed project

Problem Encountered

In budgeting a project cost, the difficulties is in term of to find the best and a cheapest products. It is because usually the best products will be sold at a high price. Several initiative will be taken for the purposes to solve this problem i.e. survey a few stores that sell the cheapest product before buying that product.

Project Description

In terms to find the best and a cheapest products, a few store that sell required materials in this project will be reviewed and listed. The method that used is by searching all related stores in various website and the another methods is by refer a persons that familiar in that matter (i.e. friends, lecturers).

Project Outcome

The result that obtained from this task is such as a table that shown below:-

Table 1: Estimation on the overall cost of the project

Table 2: Total cost

Overall cost to develop this project is about RM 534.40. It is quite expensive. However, this is the best and the lowest price that obtained from the survey. In the next progress report, a illustration of overall proposed project will be shown and discussed.