1. ## Project management scenario

Compose your response to the following scenario: 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 receive $50 per hour. Without knowing the deliverables, estimate how long you can keep these resources with the budget you have. 2. Hello, Patience! It's just simple Arithmetic, isn't it? Compose your response to the following scenario: 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/hour while the manager will earn$50/hour.
Estimate how long you can keep these resources with the budget you have.

A Developer works 40 hours per week at $30/hour. . . He/she earns: .$\displaystyle 40 \times \$30 \:=\: \$1200$per week. Four of them earn: .$\displaystyle 4 \times \$1200 \:=\:\$4800$per week. The Manager works 40 hours per week at$50/hour.
He/she earns: .$\displaystyle 40 \times \$50 \:=\:\$2000$ per week.

Hence, the weekly payroll is: .$\displaystyle \$4800 + 2000 \:=\:\$6800$

With an $850,000 budget, the project can last: .$\displaystyle \frac{\$850,000}{\$6800} \:=\:\boxed{125\text{ weeks}}\$