Cost Statement

Create a Cost Statement and Initial Cost Estimates for Project
At this point, you have limited information about your project, as we have not completed a number of items, such as a resource loaded schedule, a risk management plan, or a procurement plan. However, your project sponsor is requesting an initial cost estimate for the project.
You have been given a budget in your case study, and you need to determine if that is a realistic budget.
You need to prepare a high level cost estimate considering the major deliverables and activities contained within your WBS.
Based on this weeks lectures and reading materials, your team needs to decide a way of developing this cost estimate.
Create a brief cost statement that describes the approach used by the team and any assumption relied upon when creating high level cost estimates for your project
Create a high level cost estimate organized either by major deliverables or major phases of your your WBS.
Make sure you consider all the major areas of this project into account: logistics (travel, lodging, food), consulting fees, support team costs, etc.
You do not need to provide a detailed cost estimate for each of these activities, I am simply asking you to make sure you think through all the areas of the project in developing this schedule
As part of this portion, be sure to include a statement as to whether or not you initially believe that the budget provided will be sufficient.