Your paper will be evaluated on the following criteria:
•Complete the cost benefit analysis in a Word table. The accompanying explanation must be written in 1-2 pages and be double spaced. Include a cover page with the assignment.
For Module 4, your assignment is to become familiar with the cost benefit analysis method to justify software selection. Follow the example given at FreeTutes, available at the link below. The CBA template is a good example of a typical cost benefit analysis, and the site contains other links to systems analysis. Use the cost categories given on the site to develop the SLP. You will not be calculating the “select evaluation methods” since this requires math formulas.
SLP Assignment
Calculate a cost benefit analysis (CBA) for the inventory COTS acquisition you investigated in Case 4. Include major cost categories associated COTS purchase price, personnel, equipment, supplies, 5-year maintenance, training, and consultant fees. Be detailed in your categories to show where the money is being spent and what the benefits will be for the proposed system. Follow the CBA example for this assignment and include a short written explanation of your analysis.
Use the following site as a reference to the Performing Cost Benefit Analysis.
Please note that tangible benefits are those that can be quantified in terms of dollars or unit volumes such as reduced expenses, increases throughput, or fewer processing errors. Alternatively, intangible benefits cannot be quantified and examples are customer goodwill, employee morale, better decision making, etc.
FreeTutes. (2012). Cost benefit analysis. Systems Analysis and Design. Retrieved from http://www.freetutes.com/systemanalysis/sa3-cost-benefit-analysis.html
Plowman, M. (September, 2011). Writing a cost benefit analysis. Right Hub. Retrieved from http://www.brighthub.com/office/project-management/articles/58181.aspx
Eresource. (2010). What are the tangible and intangible benefits of ERP systems. Retrieved from http://www.eresourceerp.com/tangible-and-intangible-benefits-of-ERP-system.html
Additionally, review a system configuration and hardware requirements for the Fishbowl inventory application as a guideline to deliver your inventory system CBA.
Fishbowl. (2012). Setup guide and system requirements. Retrieved from http://www.fishbowlinventory.com/files/system-requirements-setup-guide.pdf
SLP Assignment Expectations
Your paper will be evaluated on the following criteria:
•Complete the cost benefit analysis in a Word table. The accompanying explanation must be written in 1-2 pages and be double spaced. Include a cover page with the assignment.
The essay will be graded on these requirements
•Precision: the question asked is answered.
•Clarity: Your answer is clear and shows your good understanding of the topic.
•Breadth and Depth: The scope covered in your answer is directly related to the questions of the assignment and the learning objectives of the module.
•Critical thinking: Incorporate your reactions, examples, and applications of the material to business that illustrate your reflective judgment and good understanding of the concepts.
•Your short essay is well written and the references are properly cited and listed.