Benefits Benefit Approximate Dollar Value Insurance Savings $200 Storage savings $8,000 Staff Reduction (1 less person) $1,000 Increased Business $2,000 Faster Processing $1100 Total Costs Development Costs One Time Cost Approximate Dollar Value 1 Server $3,000 2 New Workstation @ 1,250 $2,500 1 Printer / Fax / Copier Machine $1,200 1 Server Software $300 2 Workstation Software @ 250 $500 Development Labor $9,000 Total Costs Operational Costs Cost Approximate Dollar Value Hardware $950 Software $450 Operational Labor (maintenance) $1,500 Total Costs Assume that the interest rate used to calculate PV is 4% Assume that the increase in business will be 6% each year. Assume that the operational cost of the system will increase by 2.5% each year 2 DELIVERABLES FOR PROJECT 1 Pick the SDLC Methodology to use. Write a short summary to justify your answer Make a recommendation whether to go ahead with the project or no