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Economic Feasibility You are asked to conduct a six-year (Year 0 to Year 5) economic feasibility study.
1. Economic Feasibility You are asked to conduct a six-year (Year 0 to Year 5) economic feasibility study. Based on project schedule, you conclude that the system will not be in operation during the current year (Year 0). Once the system is operational in the following year (i.e. Year 1), you expect annual benefits from increased sales of $50,000 and inventory cost reduction of $13,000. Additionally, you also estimate that there will be extra system benefit that will increase $3,500 annually (from the previous year) from Year 2 through Year 5. The system development cost is estimated at $110,000. The software license renewal and supplies will be $15,000 annually from Year 1 on. The initial personnel cost (incurred in Year 1) for hiring and training operators is $12,000, which will increase annually at a rate of 3% thereafter. 1) The discount rate is 7%. What is the ROI for the project? 2) Is there a break-even point in the seven-year time horizon? If so, when? 2. Requirements Determination Review the Career Advancement Center website (http://robinson.gsu.edu/cac). Develop the requirements definition for the site. Create a list of functional requirements and nonfunctional requirements of the system (at least 10 each) currently met. Provide examples for each kind. Further identify the requirements that are currently not met by the system if there is any. Can you suggest further improvement for the system?
