ASSESSMENT TASK 2: PROJECT BUDGET Task summary: You are the Project Manager of THE CUPNBAKE Project as per assessment 1. In this assessment you will be required to complete a 4-week budget allocating...

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ASSESSMENT TASK 2: PROJECT BUDGET



Task summary:


You are the Project Manager of THE CUPNBAKE Project as per assessment 1.


In this assessment you will be required to complete a 4-week budget allocating you total budget of $75,000.00 as closely as possible to what the project plan aligns to.


What do I need in order to complete this assessment?


§ Computer and Microsoft Office


§ Access to the Internet for research


§ Budget Template



When do I do this task?


§ This task may be done in your own time


§


What do I need to SUBMIT?


§
Completed Project Budget – USE THE TEMPLATE PROVIDED


§
Assessment Cover Sheet


What do I need to do if I get something wrong?


If your assessor sees that you have not completed all parts of the task completely and satisfactorily, the details of resubmission will be outlined to you through the Canvas LMS through assessment feedback.


Templates provided:


§ Project Budget




Background/Operational Brief: (as per Assessment 1)



Aroma
café is opening a new smaller store in Canberra and will be based in Manuka.


You have
3 staff members
to assist you throughout the project.



ALLOCATED BUDGET TO COMPLETION AND HANDOVER: $75000.00 (AUD)


Task summary:


You are the Project Manager of the Project outlined below and are to complete the project plan template as provided in detail.


Timeline: 4 weeks


Budget: $75000.00 (AUD)


You are to complete
the provided Project Budget Template in detail for the following:


·
Weekly costings – according to the Project Plan


·
4 weekly allocations to the total of $75000.00


The template provided has areas for you to add information to as applicable.


This will change on a weekly basis – do not keep it the same each week.


Budgeting is important but remember it is also estimating at this point of the project.


Try to have money in reserve for the unexpected


Be sensible with your amounts – research this to be accurate as possible (remember that hospitality often buys in bulk and therefore has large savings on items such as crockery/cutlery etc)


IF it appears you are going to go OVER the budget – review your amounts to ensure you stay within the allocated amounts.


At week 4 there is an area for notations of how you have made adjustments or corrections to the budget should you seem to be going OVER the budget. Use this.




Remember:


· You are the Project Manager


· You are to view every aspect of the project that is required to getting the set up to the opening date for the Owner


· You are to do external research to assist you in this project if you have no prior experience or hospitality knowledge

Answered 21 days AfterFeb 21, 2022

Answer To: ASSESSMENT TASK 2: PROJECT BUDGET Task summary: You are the Project Manager of THE CUPNBAKE Project...

Tanmoy answered on Feb 22 2022
112 Votes
BSBPMG430 ASSESSMENT 2 – BUDGET PLAN
Budget allocated for 4-week project in TOTAL: $75000.00
*You are required to list the items und
er each subheading that is required to be allocated*
Do this weekly as it will CHANGE – do not put the same items across every week.
Week 1:
    Item
    Quantity
    Amount/per: $
    Subtotal $
    Total: $
    Opening balance:
    
    $75000.00
    Wages:
    
    
    
    
    Receptionists
    3
    1200
    3600
    3600
    
    
    
    
    
    
    
    
    
    
    Administration:
    
    
    
    
    Café Manager
    1
    3200
    3200
    
    Supervisor
    1
    3300
    3300
    6500
    
    
    
    
    
    Equipment:
    
    
    
    
    Coffee Machine
    1
    200
    200
    
    Chairs and Tables
    16
    30
    480
    
    Water filter
    1
    50
    50
    
    Coffee Press
    1
    50
    50
    
    Oven toaster Grill
    1
    80
    80
    860
    
    
    
    
    
    
    
    
    
    
    Contractors:
    
    
    
    
    Interior Decorator
    1
    5250
    5250
    5250
    
    
    
    
    
    
    
    
    
    
    Miscellaneous:
    
    
    
    
    Signboard of Café
    1
    50
    50
    
    POS System
    1
    100
    100
    
    Table clothes
    10
    25
    250
    
    Cup & plates
    50
    20
    1000
    1400
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    17610
    Closing Balance:
    
    $57390
WEEK 2: Carry Over your closing balance from week 1 to the opening balance of week 2
    Item
    Quantity
    Amount/per: $
    Subtotal $
    Total: $
    Opening...
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