please generate cost estimate
Generate Cost Estimates Financial models: 60,00x3(three years)=180,000 NPV=Rt/(1+i)^t =$180,000x3/(1+0)^3= $540,000 ROI: (Net profit x investment )/100 (60,000 - 25,000)/25,000 = 1.4% Benefits and costs: According to [1] the cost of a basic application is $25,000. The medium complexity app is between $40,000 and $70,000 And the cost of a complies app is $70,000. If the application was worth $25,000 then: Estimated cost of one year is: $14,000 (For updates if needed) Page 117 Estimated Benefit of one year is: $60,000 (hotels profit) , 2 years 120,000, 3years 180,000 Resource Needs and Availability : hardware requirements - more computers to work with - Core i3 Processor (minimum) - As much RAM as possible. Minimum 8 GB If you buy 16 GB, it's a wise option. - Use a Hard disk as external HD. And buy a 256GB SSD. software requirements - bigger storage system to better performance (hard disk) - beggar ram to have a faster performance for the computer - In order to avoid data loss, databases should make use of sharing to be redundant. - Database backups should be performed on an hourly basis and kept for one week. - In 3 seconds, the program should be loaded and available. - The program needs to update the interaction interface within 2 seconds. - In order to avoid duplicate data and increase performance, the database should be normalized. Strategic plan alignment: Creating an application for the hotel will help out customers and the hotel itself as it would ease that way of booking a room which would lead many customers to choose this hotel which will increase the income of the hotel. . Steering Committee : A steering committee is a group of senior employees who obtain important roles in an establishment such as CEOs, Top managers, Client representatives, etc. They provide guidance to the working team on many topics of various issues like marketing strategies, projects management concerns, and company policy. To create an effective steering committee some steps must be taking into confederation. 1. Choosing the right people. 2. Informing them of the project. 3. Set clear rules and goals. 4. Schedule follow-up meeting. 5. Make communication and debriefing a priority. It is extremely important for the steering committee to be fully prepared and aware of the kind of help that a project team might need so that they could assess them to reach the wanted goal. To help better the steering committee can go under training by Provide Training and Coaching, keep a Manageable Size, Always Provide Agenda Information Beforehand, and Encourage Fast Decision-Making. The team that will work on creating the application consists of a Mobile Page 317 developer (full time), Backend developer (full time), Designer (part-time), and QA Specialist (part-time). The steering committee however will contain top managers, CEO, board officers, senior stakeholders, experts, executives, and department employees. Generate Cost Estimates Financial models: 60,00x3(three years)=180,000 NPV=Rt/(1+i)^t =$180,000x3/(1+0)^3= $540,000 ROI: (Net profit x investment )/100 (60,000 - 25,000)/25,000 = 1.4% Benefits and costs: According to [1] the cost of a basic application is $25,000. The medium complexity app is between $40,000 and $70,000 And the cost of a complies app is $70,000. If the application was worth $25,000 then: Estimated cost of one year is: $14,000 (For updates if needed) Page 117 Estimated Benefit of one year is: $60,000 (hotels profit) , 2 years 120,000, 3years 180,000 Resource Needs and Availability : hardware requirements - more computers to work with - Core i3 Processor (minimum) - As much RAM as possible. Minimum 8 GB If you buy 16 GB, it's a wise option. - Use a Hard disk as external HD. And buy a 256GB SSD. software requirements - bigger storage system to better performance (hard disk) - beggar ram to have a faster performance for the computer - In order to avoid data loss, databases should make use of sharing to be redundant. - Database backups should be performed on an hourly basis and kept for one week. - In 3 seconds, the program should be loaded and available. - The program needs to update the interaction interface within 2 seconds. - In order to avoid duplicate data and increase performance, the database should be normalized. Strategic plan alignment: Creating an application for the hotel will help out customers and the hotel itself as it would ease that way of booking a room which would lead many customers to choose this hotel which will increase the income of the hotel. . Steering Committee : A steering committee is a group of senior employees who obtain important roles in an establishment such as CEOs, Top managers, Client representatives, etc. They provide guidance to the working team on many topics of various issues like marketing strategies, projects management concerns, and company policy. To create an effective steering committee some steps must be taking into confederation. 1. Choosing the right people. 2. Informing them of the project. 3. Set clear rules and goals. 4. Schedule follow-up meeting. 5. Make communication and debriefing a priority. It is extremely important for the steering committee to be fully prepared and aware of the kind of help that a project team might need so that they could assess them to reach the wanted goal. To help better the steering committee can go under training by Provide Training and Coaching, keep a Manageable Size, Always Provide Agenda Information Beforehand, and Encourage Fast Decision-Making. The team that will work on creating the application consists of a Mobile Page 317 developer (full time), Backend developer (full time), Designer (part-time), and QA Specialist (part-time). The steering committee however will contain top managers, CEO, board officers, senior stakeholders, experts, executives, and department employees
