For this assignment, you have three options to choose from. The focus of this assignment is to develop two strategies for minimizing project cost for the organization you chose in Week Three. You will assume that 50% of the initial investment is equipment cost, and the remainder is installation, overhead, or other projected costs. You will need to use standard cost classifications to create a forecast of project costs, and include the following:
• Use a minimum of five cost classifications.
• Define the classifications used.
Select and complete one of the following assignments:
Option 1: Project Cost Paper
Option 2: Project Cost Presentation
Option 3: Project Cost Video
Option 1: Project Cost Paper
• Refer to the Week Three assignment.
• Assume that 50% of the initial investment is equipment cost, and the remainder is installation and overhead.
• Use standard cost classifications to create a forecast of project costs.
• Develop two strategies for minimizing project cost.
• Refer to the Week Three assignment.
• Assume that 50% of the initial investment is equipment cost, and the remainder is installation and overhead.
• Use standard cost classifications to create a forecast of project costs.
• Develop two strategies for minimizing project cost.
o A minimum of five cost classifications
o Definitions of the classifications used