CHARLOTTE
ALEXANDER
PROJECT COST MANAGEMENT
ASSIGNMENT
Under the given instructions the wedding of a girl is going to be budgeted in relation to
wedding event that is to be conducted in the Bali Island of Indonesia. The budgeted costs
of the event are required to be calculated as per the given the instructions. The costs
include the trip expenses, Housing expenses and breakfast covering 40 persons that are
expected to arrive from 4 different places of the world.
Introduction:
Under the given instructions the wedding of a girl is going to be budgeted in relation to wedding event that is to be conducted in the Bali
Island of Indonesia. The budgeted costs of the event are required to be calculated as per the given the instructions. The costs include the trip
expenses, Housing expenses and breakfast covering 40 persons that are expected to arrive from 4 different places of the world. At the same
time, the wedding day expenses are also budgeted. The cost of expenses of trip, accommodation for 7 days and the breakfast, the 7 days lunch
are budgeted as per the average of cost of life in the Bali island in Indonesie. The costs are budgeted in exclusion of the inflation and others
fluctuations effects of the applicable prices. The Wedding day expenses are budgeted as per the general events in Bali.
1.
Detailed budget showing all costs:
First of all the expenses for round trips are budget for the guests that are expected to arrive from the 4 different places. Expenses are
estimated as per the average prices in the island of Bali. As per the instructions given, only the breakfast expenses are required to be budgeted.
The overall expenses of the guests that are travelling from the 4 different locations including the travelling, accommodation and breakfast
expenses are budgeted as under:
Guests Expenses ( Per Head)
Travel
Person
Expenses
Accommodation
Break Fast
Guests
(Round Trip)
Expenses (7 Days
(7 Days)
UK Guests
750
43
28
USA Guests
870
43
28
Perth
Guests
16
500
43
28
10
520
43
28
Sydney
Guests
The wedding day expenses comprising of the meal expenses and beverages expenses
as per the on the average rates in the Bali Island are estimated as under:
Wedding Day Expenses ( Per Head)
Wedding Hall
1.
Meal for 2, Mid-range Restaurant, Three-course
11.2
Imported Beer (0.33 liter bottle)
Cappuccino (regular)
1.3
Coke/Pepsi (0.33 liter bottle)
0.3
Water (0.33 liter bottle)
0.2
Total Per head expense
15
Detailed cash flow:
The detailed cash flow of the travelling expenses is as under:
Guests Expenses (Total Cash Outflow)
Perso
Travel Expenses
Accommodation
Break
Guests
ns
(Round Trip)
Expenses
Fast
UK Guests
6000
344
224
USA
Guests
5220
258
168
16
8000
688
448
Guests
10
5200
430
280
Total
40
24420
1720
1120
Perth
Guests
Sydney
Finally the detailed cash flow covering all the expenditures are budgeted as under:
Detailed cash flow
Booking of 5 Star Resort
200
Wedding Day Expenses
800
Travelling Expenses (Round Tip)
24420
Accommodation Expenses (7 Days)
1720
Break Fast (7 Days)
1120
Personal Expenses (3 Persons)
1200
Misc Expenses
Total Cash Flow
1.
500
29960
Accuracy
The overall costs are assumed to exceed the budgeted costs by almost 10 % 20 % due to the variations in the budget expense of the resort,
round trips and other unforeseen future expenses that could exist including the costs pertaining to Transports and utilities services. Finally,
the expenses budgets are estimated net of taxes because of the fluctuations in concerned rates. Furthermore, all the estimated amounts and
expenses in Bali are measured in GBP.
