1. Contrast the following terms = Break-even analysis, net present value, return on investment.

2. What is a project charter, and what information does it typically contain?

3. What is a baseline? Why is it important to fix baselines?

4. Write a mission statement for a business that you would like to start. State the area of business you will be in and which aspects of the business you value most highly. Once you have fleshed out your mission statement, describe the objectives and competitive strategy for achieving that mission.

5. Assuming monetary benefits of an information system at $85,000 per year, one-time costs of $75,000, recurring costs of $35,000 per year, a discount rate of 12 percent, and a 5-year time horizon, calculate the net present value (NPV) of the systems costs and benefits. Also calculate the overall return on investment (ROI) of the project and then present a break-even analysis (BEA). At what point does break-even occur?