Project Cost Assignment Options

Project Cost Assignment OptionsFor this assignment, you have three options to choose from. The focus of this assignment is to develop two strategies for minimizing project cost for the organization you chose in Week Three. You will assume that 50% of the initial investment is equipment cost, and the remainder is installation, overhead, or other projected costs. You will need to use standard cost classifications to create a forecast of project costs, and include the following:• Use a minimum of five cost classifications. • Define the classifications used. Select and complete one of the following assignments:Option 1: Project Cost PaperOption 2: Project Cost PresentationOption 3: Project Cost VideoOption 1: Project Cost Paper• Refer to the Week Three assignment.• Assume that 50% of the initial investment is equipment cost, and the remainder is installation and overhead. • Use standard cost classifications to create a forecast of project costs.• Develop two strategies for minimizing project cost.• Write no more than a 450- to 1,350-word paper discussing project cost and cost classifications.• Format your paper consistent with APA guidelines.Option 2: Project Cost Presentation• Refer to the Week Three assignment.• Assume that 50% of the initial investment is equipment cost, and the remainder is installation and overhead. • Use standard cost classifications to create a forecast of project costs.• Develop two strategies for minimizing project cost. • Develop a 7- to 10-slide Microsoft® PowerPoint® presentation. • Address the following in your presentation:o A minimum of five cost classificationso Definitions of the classifications used• List major points in the slides. Include detailed explanations in the speaker notes