Cost Benefit analysis1.xlsx - Type Overtime Common Benefits Time(hours Cost per Hour Months 70 $ 12.00 Total 12 $ Type Errors No of errors Correction

Cost Benefit analysis1.xlsx - Type Overtime Common Benefits...

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Common BenefitsTypeTime (hours)Cost ( per Hour)MonthsTotalOvertime70 $ 12.00 12 $ 10,080.00 TypeNo of errorsCorrection Time (minutes)Total HoursCost (per Hour)Errors203010 $ 12.00 In house Development CostsTypeTime (hours)WeeksRate (per Hour)TotalConsulting Charges258 $ 50.00 $ 10,000.00 Networked Package$ 2,000.00 Hardware$ 3,000.00 Maintenance14812$ 2,496.00 Training and Support$ 2,000.00 Vertical Software PackageCostTotalSoftware$ 7,500.00 Set-up Charges$ 6,000.00 Technical Support$ 2,000.00 Training and Support$ 2,000.00 Maintenace$ 2,496.00 Hardware$ 3,000.00
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Total Benefit$ 11,520.00 Months Total12$ 1,440.00
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Present Value AnalysisPlan A- In- Hosue Developmentyear01234Benefits0 $ 11,520.00 $ 11,520.00 $ 11,520.00 $ 11,520.00 Factors00.9260.8570.7940.735PV of Benefit 0 $ 10,667.52 $ 9,872.64 $ 9,146.88 $ 8,467.20 Cost$ 15,000.00 $ 4,496.00 $ 2,496.00 $ 2,496.00 $ 2,496.00 Factor0.9260.8570.7940.735Pv of Cost$ 15,000.00 $ 4,163.30 $ 2,139.07 $ 1,981.82 $ 1,834.56 Plan B Purchase Vertical Softwareyear01234Benefits0 $ 11,520.00 $ 11,520.00 $ 11,520.00 $ 11,520.00 Factors00.9260.8570.7940.735PV of Benefit 0 $ 10,667.52 $ 9,872.64 $ 9,146.88 $ 8,467.20 Cost$ 11,500.00 $ 6,996.00 $ 5,496.00 $ 2,996.00 $ 2,996.00 Factor0.9260.8570.7940.735Pv of Cost$ 11,500.00 $ 6,478.30 $ 4,710.07 $ 2,378.82 $ 2,202.06 Payback Period
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