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    Feedback On Conference Cost

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    minhanhforstuff

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    Feedback On Conference Cost

    Uploaded by

    minhanhforstuff
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    Copyright:

    © All Rights Reserved
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    Download as xlsx, pdf, or txt
    5 views7 pages

    Feedback On Conference Cost

    Uploaded by

    minhanhforstuff

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 7

    Team Scope Estimated Costs Assumptions

    Coffee Exporters Buffet 100 persons 21,225,000 Campus cafeteria


    Functional Where? Which beverage 34,000,000
    NoName Where? Which beverage 79,500,000
    p Where? Water, cocktail 40,000,000
    370 Degree C Where? Which beverage 0
    Cost Breakdown Lecturer NoteQuestion Grade

    Labor costs: 10 labor. The


    hour working is around 5
    hours ( Including serving and
    cleaning) .The wage per hour Labor cost
    is 23.000 vnd. So It costs with quantity
    1.150.000 VND and unit cost A
    No detailed labor cost AI Estimati C
    No detailed labor cost C
    Estimate your costs F
    Estimate your costs F
    AI Answer:
    To assess how different your cost estimates might be from the top-down budget allocated for the Dinners work package, let's

    Calculate the budget allocated for Dinners work package:


    Total conference budget = 800 million VND

    Percentage of budget allocated for Dinners = 5%

    Budget for Dinners = Total conference budget * Percentage allocated for Dinners
    = 800 million VND * 5%
    = 40 million VND

    This means the top-down budget for the Dinners work package is 40 million VND.

    Estimate your cost:


    Your cost estimate will depend on various factors such as the cost of food, venue (if not included in the conference venue), se

    Food and beverages per participant: 350,000 VND


    Service staff, equipment, and venue: 5 million VND
    Entertainment and extras: 2 million VND
    Total cost estimate per participant = Food and beverages per participant
    Total cost estimate for all participants = Total cost estimate per participant * Number of participants
    = 350,000 VND * 100
    = 35 million VND

    Overall total cost estimate = Total cost estimate for all participants + Service staff, equipment, and venue + Entertainment and
    = 35 million VND + 5 million VND + 2 million VND
    = 42 million VND

    Difference between your cost estimate and the top-down budget:


    Your cost estimate = 42 million VND
    Top-down budget = 40 million VND

    Difference = Your cost estimate - Top-down budget


    = 42 million VND - 40 million VND
    = 2 million VND

    Your cost estimates are 2 million VND higher than the top-down budget allocated for the Dinners work package. This means y
    Dinners work package, let's first calculate the budget allocated for this package based on the total conference budget.

    n the conference venue), service staff, equipment, and any entertainment or extras you plan to include. Without specific details on these

    venue + Entertainment and extras

    work package. This means you would need to either find ways to reduce your costs to fit within the allocated budget or negotiate with the
    out specific details on these costs, it's difficult to provide an exact estimate. However, for the sake of illustration, let's assume you've calcu

    budget or negotiate with the conference organizer for a higher budget based on your detailed cost breakdown.
    on, let's assume you've calculated your costs as follows:
    period planned budgexpense error abs(error) acc.error mad ts
    1 179 163 -16 16 16
    2 217 240 23 23 39 19.5
    3 91 67 -24 24 63 21
    4 51 78 27 27 90 22.5
    5 76 71 -5 5 95 19
    6 438 423 -15 15 110 18.3333333
    7 64 49 -15 15 125 17.8571429
    8 170 157 -13 13 138 17.25

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