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Math Help - Project management scenario

  1. #1
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    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.
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  2. #2
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    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: . 40 \times \$30 \:=\: \$1200 per week.
    Four of them earn: . 4 \times \$1200 \:=\:\$4800 per week.

    The Manager works 40 hours per week at $50/hour.
    He/she earns: . 40 \times \$50 \:=\:\$2000 per week.

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


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

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