The budget is a total of $106,140 and includes:
■ $100,000 for staff salaries during the web-page development process.
■ ISP connectivity fees at $380/month—an ongoing expense RLV will have to account for in their bottom line—including dedicated server space and maintenance by the ISP of the website after it has deployed. The project budget will absorb the initial three months; thereafter, RLV will absorb this expense into their financial basis. Maintenance by the ISP includes nightly backups, restoration capabilities, and promised 99.999% uptime, including scheduled maintenance windows.
■ Prizes to be awarded by RLV Group, amounting to $5,000 ($3,000 for the grand prize and $2,000 for remaining nine prizes).
Budget tolerances include a $20,000 contingency budget for overruns. Budget contingencies include a 1% bonus for the project manager if the project is brought in between 95% and 100% of projected budget and schedule. There will be milestones at the graphic arts development, coding, and testing segments where the variance (if any) of the project' s schedule and budget will be determined.
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