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You are managing a project and you have an $850,000 budget. For the project , your resources include four developers and one project manager. You can assume that the average workweek per person is 40 hours and that the developers earn $30 per hour while the project manager will recieve $50 per hour. Without knowing the deliverables, estimate how long you can keep these resources with the budget you have.

$850,000.00 initial budget
Resources
4 developers $30/ hour x 4 developers = $120/hour
1 proj manager $50/hour x project manager = $50/ hour

$170/hour total estimated expenses
$170x40hrs = $6800/week or 40days

$850,000.00/$170 = 5,000 hours
$850,000.00/$6800 =125 week

125week or 5000 hrs your resources would estimatedly last.

Add: If your company runs 8hrs per day for 5 days Monday-Friday you spend ($170x8hrs) $1360/day therefore you also would have ($850000/1360) 625days for your resources to last

Total hourly cost of Developers = 4*30
Total hourly cost of Developers = $120

Total Hourly Cost = 120 + 50
Total Hourly Cost = $170

Total Weekly Cost = 170*40
Total Weekly Cost = $6,800

Number of days for project = Total Budget/Total Daily Cost
Number of days for project = 850,000/6,800
Number of days for project = 125 days

The answers is: 125days

Enjoy!

125 weeks

the weekly wage bill is 6800

850000 / 6800 = 125 weeks

assuming your team dont want any holiday time.....

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