First the initial cost of project budget is to be determined. Initial investment:- There are two types of cost related to the project execution which are listed below:- 1. Direct Cost:- Direct cost...

First the initial cost of project budget is to be determined.


Initial investment:- There are two types of cost related to  the project execution which are listed below:-


1.      Direct Cost:-


Direct cost related to the material cost, salaries of the project team and equipment cost.


2.      Indirect cost:


These are the cost related to which are to support project activities and not incorporated individually.





The duration of project is estimated for one year to come into operation. The initial cost has been roughly estimated based on the previous data.  The cost has been categorized in different categories from planning phase to its closing.  The labor cost is estimated depending on the number of hours needed to complete the task. The hourly rates are assumed according to the market standard pay rate.



The total project cost is estimated as $ 623,645. The breakdown of the total cost is given in different tables below.


The project cost from the time of its implementation to its execution is given below in table 1.1.