software project management subject You have just been hired by a local bank - MyBank, to develop an electronic banking website. This Web site will be used to provide information their customer from the ages of 21 who are interested to apply for the loan facilities. In addition, the web site will provide the terms and conditions required for the application. The web site should have the capabilities to determine the eligibility of the applicant. The bank would also like to be able to post the application results. The chairman of the bank would also like the Web site to include a financial calculator for user to assess their financial status. The bank manager has asked to include internet banking facilities such as balance inquiry, fund transfer and bill payment. There are many requirements, cost estimation and human resources needed in helping you on the project. Thus, Mr. John Doe, the Project Director has asked you to do some work on project estimation. The following are the estimated cost details regarding human resource, hardware, software and other expenditure required in software development project of the above website project. Typically, there are many resources, equipment and materials to be acquired. Cost and benefit analysis should be performed especially upon the purchasing, investment, profit and the return. In addition, all of these activities and requirements should have better observation especially on the risk and contingency plans. The following are the details about the project requirements: Project duration: 12 months Human resource requirement: The project requires one project manager, three system analyst, five programmer, one database administrator, one Java consultant and one admin assistant. The staff rate are as follow: i) Project Manager RM15,000/Month; ii) System Analyst RM8,000/Month; iii) Programmer RM4,000/Month; iv) Database Administrator RMRM6,000/Month; v) Java Consultant RM15,000/Month And vi) Admin Assistant RM3,000/Month. (b) Based upon the above project costing, calculate the respective Net Profits, Payback Period and Return on Investment (ROI), by assuming that the earnings are on average of RM315,000 per year over 5 years period.