Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Brooks Software Limited ( BSL ) was formulated and registered on March 1 5 , 2 0 0 0 with the registered office located

Brooks Software Limited (BSL) was formulated and registered on March 15, 2000 with the registered office located in Spanish Town, St. Catherine. Its vision statement is to provide clients with excellent and consistent services all the time, every time. BSL is known to be the number one software development company in Jamaica who has consistently developed cutting edge solutions for banks, credit unions, schools, restaurants and many more. As such the Director of Spanish Town Credit Union (SPCU) has approached BSL to take on the project of either modifying their current system to meet their current needs or to retire the existing system and develop a new application. This is because the current system is incredibly old and does not meet new regulatory and global standards. BSL has assessed SPCUs requirements and has presented two available options to the Directors of the Credit Union.



Option 1 - Modify/ Customize Option 2 - Replace

Project Cost - $27,000,000  Project Cost - $49,000,000 

Time Frame  6 months Time Frame  9 months

Brings system to pass global and regulatory standards (90% compliance)  Brings system to pass global and regulatory standards (100% compliance) 

3 new system features 8 new system features

Payback period is three years Payback period is four and a half years



The directors of the credit union have decided to give full autonomy to BSL to make recommendations as to the best suitable option seeing that they are the experts. BSL usually makes recommendations based on the goals and objectives of their client.



Required:



1. You are the project managers at BSL, based on the two options presented to the Credit Union, which option would you recommend and why?


2. Explain THREE (3) steps in validating the project you have recommended above.


3. Seeing that BSL makes recommendations based on the goals of their client. Formulate a possible goal for SPCU and discuss the FIVE (5) characteristics of a goal.




4. Define the scope of the project recommended.


5. Despite BSL being given full autonomy over the project, explain the importance of the user as part of the team and give two reasons why the user should be involved in the project.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

1 Recommendation of the Best Suitable Option As the project manager at Brooks Software Limited BSL the recommendation would be Option 2 Replace the Existing System This recommendation is based on the ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting for Non-Accounting Students

Authors: John R. Dyson

8th Edition

273722972, 978-0273722977

More Books

Students also viewed these Accounting questions

Question

Draw a picture consisting parts of monocot leaf

Answered: 1 week ago

Question

explain what accounting standards are and why they exist.

Answered: 1 week ago

Question

explain the nature of accounting principles and concepts;

Answered: 1 week ago