Project Development Cost Analysis

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Project development costs are costs that will have to be taken when performing this project. The costs could be for machines, workers, land, or any and all other expenses when performing this task. It is important to budget these costs to ensure that the project does not go over budget (Findley 1998). The preliminary return on investment is to calculate what the return on investment will be for this project. The return on investment is calculated by the revenue gained subtracted by the costs and then divided by the costs to give a percentage value of how much return on investment is on the project. Therefore, the investigation phase consists of researching information and figuring out the problem that needs to be solved by the project. It…show more content…
Gannt, an engineer in the 1900s. The Gannt chart was to plan and schedule events in a project. It is still used in modern day to manage time and resources in projects and is used as a part of the SDLC management phase. H.L. Gannt used 5 different definitions of capacity for resources, which were theoretical capacity, practical capacity, normal capacity, budgeted capacity and actual capacity. Theoretical capacity is the maximum amount of time a resource would be available if there were no restrictions. Practical capacity is actually how much time of the resource you get with restrictions and maintenance for those resources. Normal capacity is how much time being used by resources is actually productive work. Budget capacity is how much time is being used by resources with budget taken into account, such as is the resource time affordable. Actual capacity is the time in a time period (White 2015; Lee 2003). A Gannt chart is typically horizontal bars to show completion times on the project, and to show activity completion progress. This allows the user to easily obtain data about how long each part of the project is supposed to last, and compare it to how long that part of the project is taking, to know if the project is on schedule or not (Lee…show more content…
Scheduling should always be taken into consideration when planning anything, and it is one of the most essential factors. Scheduling uses the aforementioned Gannt and PERT charts to make sure that resources aren’t planned to perform two tasks at once or to make sure that a resource has enough time to complete the scheduled task before having to start performing a different task. Without scheduling, the project would become way off track and miss deadlines, and most likely fail (Dimopoulos, Cegarra, Papageorgiou, Gavriel, Chouchourelou,
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