Financial Overview

Hybrid approach budget analysis with enhanced governance, compliance frameworks, and knowledge transfer. 48-week execution timeline with formal governance structure.

Total Project Cost

$350,000-$375,000

48-Week Hybrid Approach (Governance + Compliance)

Cost Breakdown

On-Site: $225-240k

Remote: $75-85k (21%)

Contingency: $50k (14%)

Governance & Compliance

Enhanced Framework

Steering Committee (monthly)

PMO + Working Groups (weekly/bi-weekly)

Cost Breakdown by Phase

Financial allocation across project lifecycle

Rate Structure Analysis

Comparison of market rates vs. project rates

Rate Strategy

The project utilizes a competitive rate structure of $75/hr for On-Site and $47/hr for Remote resources. This strategic pricing allows for high-quality delivery while maintaining budget compliance.

Total Budget

$313.9k

46-week project allocation

Baseline Cost

$273.6k

87.2% of total budget

Contingency Fund

$40.3k

0.0% used

Budget Status

On Track

No overruns detected

Contingency Fund Status

12.8% contingency buffer tracking and utilization

Total Contingency$40,263

Used$0

Remaining$40,263

Recommendation: Monitor project scope and resource utilization closely. Contingency fund is fully available for risk mitigation or scope adjustments.

Monthly Spending Projection

Planned monthly budget allocation across 46-week project

Planned Spending

Peak Spending: June 2026 ($62k) during Configuration phase. Spending tapers off in Q4 2026 and Q1 2027 during stabilization.

Cumulative Spending & Budget Burn-down

Projected cumulative cost against total budget allocation

Cumulative Spending

Projection: Total baseline spending of $273,596 will be distributed across 10 months, with project completion by February 15, 2027.

Budget Allocation by Category

Distribution of total project budget

On-Site Work

62.8%

$196,950

Remote Work

21.2%

$66,646

Contingency

12.8%

$40,263

Cost Breakdown by Project Phase

Financial allocation across 8 delivery phases

Planning5.9%

$18,500

Foundation12.9%

$40,500

Configuration21.7%

$68,000

Preparation13.2%

$41,500

Testing13.9%

$43,500

Training3.5%

$11,000

Launch6.4%

$20,000

Stabilization22.6%

$70,859

Budget Summary

Detailed financial breakdown and projections

Total Project Budget

$313,859

Project Duration

46 Weeks

On-Site Work

$196,950

2,627 hours @ $75/hr

Remote Work

$66,646

1,418 hours @ $47/hr

Contingency (12.8%)

$40,263

Risk mitigation buffer

Payment Schedule

Milestone-based payment plan (9 payments)

Milestone	Percentage	Amount	Status
P1: Contract Signing	10%	$31,386	Pending
P2: Planning Complete	10%	$31,386	Pending
P3: Foundation Complete	15%	$47,079	Pending
P4: Configuration Complete	20%	$62,772	Pending
P5: Preparation Complete	15%	$47,079	Pending
P6: Testing Complete	10%	$31,386	Pending
P7: Training Complete	5%	$15,693	Pending
P8: Launch Complete	10%	$31,386	Pending
P9: Project Closure	5%	$19,112	Pending
TOTAL	100%	$294,660