Project Budget Memo

Z.E.M.M. Enterprise, Inc.

To: CEO and Stakeholders

From: Mitchell White

Date: April 18, 2016

Re: New Companywide Compliance System and Policies Budget

Objective:

The project for the company offsite 2-day training session has been given a preliminary go-ahead. The memo will describe the expenses the training will used for the state-of-the-art compliance system. This is only a consideration for a budget that will include training material, per diem and travel expenses (hotel, transportation etc.).

Training Material Resource:

All supplies of the training material resource will include but not limited to booklets, correspondence notebooks, brochures, pens and name tag material in this section of the budget. We figure the total expenditures for training resource material should not exceed $2500 for this project.

Traveling Resource Expense:

For the budget of travel expense for this project, we have done the market research for resources for 45 managers and supervisors constructed from each HR branch. The budget will include airfare and transportation for the two day training. The market research have shown that the average rate for airfare will be $199 round trip for each person using a government rate. Z.E.M.M Enterprise, Inc. fell this is a great rate and will budget to purchase

After review from the Human Resource department it has been notated that there will be twenty-five supervisors that will be at the two day training. With the travel expenses resource the budget will include the airfare which will be a round trip ticket, the hotel accommodations for the two days of training, and transportation cost to get the supervisors from the airport to the hotel. After research and price reviewing the set rate of $250 per person for a round trip economy ticket is a great rate that Global Enterprise will use to gather air fare for the trainees. The total air fare cost projected for the supervisors is $6,300 dollars. The price for the hotel rooms are projected at $125 per night on a single occupancy stay. The hotel accommodation is projected at $6,500 for the two night stay. After review the transportation cost for the supervisors is projected at $500 dollars per day which is a total of $1000. When all the projected costs are compiled into one lump sum the total for the travel expense is projected at $14,000.

Food Expense Resource:

Global Enterprise has put into effect that while the supervisors are at training they will receive a per diem of $50 per day per person for food.