Bus Ticketing Reservation System

The purpose is to assess the likelihood of a particular solution option's achieving the benefits outlined in the Business Case. The Feasibility Study will also investigate whether the forecast costs are reasonable, the solution is achievable, the risks are acceptable and/or any likely issues are avoidable.

What problems or difficulties do you anticipate with implementation of this type of decision support solution?

Calculate how much each system will cost per year and determine which of the quotes is most cost-effective.

6. If you were assigned to Jim’s team for this project, when in the project schedule (in what phase of after which activities are completed) do you think you could develop an economics analysis of the proposed system? What economic feasibility factors do you think would be relevant?

The initial cost of the project will be the sum of the development, project administration, implementation, and financing functions. Development cost include IT system design, process planning, and feasibility analysis. Hardware upgrades, software development, infrastructure improvements are included in the implementation costs. Administration expenditures cover other costs such as training, furniture, network infrastructure, utilities, and insurance. Kudler expects to use this system for a prolonged period of time; therefore, the cost of the life cycle will need to be calculated also. Furthermore, the benefits of worker productivity gain, expenditure decrease, and employee utilization gains will also be calculated in the economic feasibility analysis. Once the initial cost of the project is determined, feasibility can be determined on the economic level. According to article, “Implementation: The operational feasibility perspective”, operational feasibility will be achieved if the following steps are followed. Step 1, managers and employee negative perceptions of change must be addressed openly. Step 2, positive factors for change must be reinforced. Step 3, the highest stress should be dealt with first. Step 4, change must start at the top of the organization. Step 5, informal and formal lines of communication should be used. All managers and workers should be involved or represented in the design.

This determines the project’s outcome, usefulness, effectiveness, cost, and time it takes the project to be completed. This also determines the future outcome of the project and will be needed for an upgrade. The scope of the project will be determine and completed within six months. The resources constraints of completing the project will be determine by cost and time. The cost could be higher from the original cost for the completion of the project. The expected cost of the project will be $50,000. This will include paying the project team, cost of software, and hardware. The V.P. of operations of Riordan Manufacturing will approve any changes made to the project. The project team that will be working on this project will be the IT department within the company.

Economic feasibility will be determined by performing a cost and benefit analysis. This will help the project team to determine whether the program will be beneficial or nothing but a money pit to the company.

Based upon our analysis, and experience gained from other industries, we project that 50% of this cost will be recouped within the first five years after project completion. After that, the expected cost benefits will be between 5%-10% savings per year over current processes.

From the above comparison between two solutions (Plan A and B), the cost effectiveness of both solutions is similar. Two solutions development difficulty all is same. In the future, the new system is a scalable, reliable and robust system more suitable. Security issue is very important on the system. The password authentication technology can provide accuracy verification. Web-base service order system can automatic response the customers’ general request. Database centralization can integrate the current and the new systems. The system would computerize and would reduce the handworks. For the reasons of system efficient, consistence and reliability, Plan A should be a better solution for developing the

Having to implement this new scheme, there are few shortcomings encountered but bearable. Amongst them, is the competition

In line with our objective, we proposed two different models both resulted in reducing the total cost. Proposed scenarios are:

The cost of implementation of the options: It deals with the technicians and the reduction in time of implementation. This leads to better customer service and increases efficiency of the technicians. Also considering a customer base reduction of 5% (Exhibit 2), $1 million dollars will be a prudent investment.

In this assignment, you will create an Excel workbook to help you assess the economic feasibility

My project is Cinema NFC Buy Tickets System. This is a system of cinema sell tickets. The system is included three parts, mobile application, website and database.

This is in reference to the previous business plan proposing a new mobile app for IRTC reservation systems. The report will address the ICT architecture for the proposed mobile app, the security features and the costing schedule for the project.