Cassette Lockring Removal Tool
Budget/Schedule
Cost and Budget:
Located in Appendix C1.1 of the report and in the images below is a list of the parts, costs, and distributors along with an overall budget of for the project.
Other costs not associated directly with the parts are labor costs. In this scenario the work done on the project primarily only cost the individual manufacturing the parts their own personal time as none of the work will be contracted to other manufactures. For the purpose of analysis, a labor rate will be associated with the time spent producing and assembling the project. The labor rate will initially be set at 50 dollars per hour assuming that the principle project engineer is also the machinists and has only moderate skills and speed in machining when compared to a professional machinists.
The total cost of the project is estimated to be $218.03 before labor and around $2,518.03 after labor is included. Again, the labor costs is a theoretical value that won’t actually be part of the net costs at project end. Generous time was allowed for the manufacturing tasks in anattempt to overestimate manufacturing costs to avoid going over budget.
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The cost of the project after completion was $1971.99.03 including labor and $171.99 not including labor.
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Schedule:
Scheduling is based on the time frame of one academic year. This defines the time frame that the project device must be 100% completed by. The year is further broken down into millstones that help set measurable goals for the overall completion of the project. These milestones are separated into three main categories. First, is the completion of the project proposal by the end of fall quarter. This will include the majority of planning, design, and other associated details that will be required to even build the device. The second millstone is the completion of manufacturing and assembly of the device by the end of winter quarter. How well this portion of the project goes will be the deciding factor in how successful the previous quarter was. Lastly, during the spring quarter all testing will be performed on the device to measure how well it meets the initial requirements set during the project initiation. The Schedule can be seen in Appendix D of the report or use the Excel file link below.