Cost Management -any ICT project success requires effective management of overall costs.

For this project:

i. Explain the importance of cost management for the project, with justifications.

ii. Explain how costs will be managed, including justifications.

iii. Cost Management Plan to ensure costs are managed effectively.

iv. Provide a complete cost-benefit analysis, outlining the benefits and costs in some detail. Provide justifications for the costs and benefits. Ensure a brief interpretation with justifications of the key findings is provided for non-technical board members.

Note - for the purposes of this project please assume the following budget details The total budget is $1,500,000 Salaries per day - assume a typical salary of $750 per day for managers and $450 per day for technical people and $350 for admin people