An estimate of costs for the entire project is $675,000. The company decide the discount rate of 7.5% for the financial analysis. The initial cost estimate also includes $40,000 for purchasing software and services from suppliers. Annual maintenance costs of $50,000 is also included. After three years of regular maintenance, the company also gets a 50% discount in the maintenance cost for the coming years. Projected benefits of this project would be approximately $300,000 per year.

Dr. Jones successfully convinced Dolores Garcia, the CEO who would sponsor this project which they think could be completed within ten months and the new system will have a useful life of at least seven years after the deployment. However, they also realise some potential issues like security, process orders, payments and so on, that can cause serious problem in the success of this project. Dr. Jones asked you and your team to manage the project.

Analyse financial projections and perform financial analysis for the project management.