Pretend you are working on a project for a design firm. You are asked to develop a magazine. You are off to a great start when suddenly the client tells you that the budget has been reduced and that changes have to be made to meet the new budget.
Instructions
Identify all of the costs involved in the project, labeling them as either direct costs, project overhead costs, or general and administrative overhead costs.
Develop a time-phased budget for the project. What will be the cumulative cost of the project?
Identify areas in the budget where cuts can be made if needed?
Identify and assess one major and one minor risk inherent to the project.
Develop a contingency plan for each identified risk.
Sample Solution