Sample data. All names, companies and figures are fictional.
A working estimate
Agree on the numbers.
Adjust the sample assumptions to see how the project budget changes.
Project assumptions
0 to 400 hours, in quarter-hour steps.
$0 to $500 per hour, in cents.
0% to 50%, in whole percentage points.
The project budget
Estimated total
- Base estimate
- Contingency amount
Hours × hourly rate = base estimate.
Add the contingency percentage to get the total.
Amounts are in USD and rounded to cents. This sample estimate excludes taxes and expenses.