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Project Name - HR Connect # 5 Create A Project Budget

The document outlines the budget for the HR Connect project from August 2020 to January 2021. It includes costs for software licenses, an implementation partner, project team costs, and change management. The total budget is 500,000 AED, with largest items being the implementation partner at 100,000 AED and project team costs at 175,000 AED. Remarks provide details on license costs and payments to the implementation partner based on milestones.

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Showri Reddy
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88 views3 pages

Project Name - HR Connect # 5 Create A Project Budget

The document outlines the budget for the HR Connect project from August 2020 to January 2021. It includes costs for software licenses, an implementation partner, project team costs, and change management. The total budget is 500,000 AED, with largest items being the implementation partner at 100,000 AED and project team costs at 175,000 AED. Remarks provide details on license costs and payments to the implementation partner based on milestones.

Uploaded by

Showri Reddy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Project Name – HR Connect

# 5 Create a Project Budget


Time Period

Budget
Budget Budget Budget Total Budget Total Budget
Components Amount (AED)​ Aug'20 Sep'20 Till Sep'20 Oct'20 Till Oct'20 Nov'20

License cost ​(1 year) ​100000 200 200 400 200 600 200

Implementation ​partner 100000​ 5000 10000 15000 15000 35000


Management reserve 50000​ 0 0

Contingency ​ 50000​ 0 0

Project team ​ 175000​ 29165 29165 58330 29165 87495 29165

Change management 25000​ 1500 1500 3000 5000 8000 5000


Total in AED​ ​500000 35865 40865 76730 34365 111095 69365
HR Connect Budget
e Period

Budget Budget Budget


Total Budget Total Budget Total
Till Nov'20 Dec'20 Till Dec'20 Jan'21 Till Jan'21

800 200 1000 14000 15000

50000 50000 50000 100000


0 0 0

0 0 0

116660 29165 145825 29165 174990

13000 6000 19000 6000 25000


180460 35365 215825 99165 314990
Remarks / Breakup

1. Procured licenses for 500 @ AED .4 per user per month till Dec'20.
2. Procured licenses for 35000 @ AED 4 per user per month from Jan'21 till July'21
3. Post this licenses will be renewed at the same rate for next 3 years without any increase

This is milestone based and fixed cost will be paid to the implementation partner. Milestones are:
1. Review and Sign off – configuration workbook post familiarisation session- 5%
2. Review and Sign off – Global Process and configuration workbook post process playback 2 - 10%
3. UAT Sign off - 35%
4. Go live - 35%
5. Post go live support & transition - 15%
10% of the overall project cost is reserved for unforeseen work that is within scope of the project

10% of the overall project cost is reserved for known-unknowns that may impact the project schedule
known unknowns such as:
1. Being a cloud product it may not meet the critical requirements and we may have to wait for next update
2. GPO being available for this project only 50%, this schedule may get impacted in case of any unforeseen
circumstances
3. Due to time / developing tools constraints we may have to outsource developing the training materials
4. We may have to take external consultant advise on defining global process

1. PM (FTE) - 13500 X 6 = 81000


2. Change Manager (FTE) - 10000 X 6 = 60000
3. GPO (50%) - 5000 X 6 = 30000
4. Quality Manager (10%) - 665 X 6 = 4000

1. Stakeholder engagement meetings - Travel , Entertainment - 10000


2. Communication creatives - 10000
3. LCD Projector to conduct training , travel - 5000

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