Robin Lane and top management have approved the schedule generated
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Robin Lane and top management have approved the schedule generated

Part 4

Robin Lane and top management have approved the schedule generated at the end of Part 3. Save the file containing this schedule as a baseline schedule.

Prepare a memo that addresses the following questions:

1. How much is the project estimated to cost?

2. What activity is estimated to cost the most to complete?

3. What resource commands the greatest total cost?

4. During which month of the project are the highest and lowest costs expected to occur? What are those costs?

5. What likely costs are not contained in this budget?

Include a table containing the estimated costs for each activity and a cash flow schedule for each month of the project.

Hint
Management"Cash flow: It is an incoming and outgoing stream of money where the money earned is inflow, while the money spent is outflow. So, if the inflow is greater than the outflow, then it's a positive cash flow i.e an amount which is left over at the month's end could be invested. If it's a negative cash flow, that it means that the money is being spent more than it is being earned.Calculating...

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