SURNAME 1Name of the StudentName of the instructorCourseDate During the initial stages of the project, consultations will be key just like in every projectdevelopment. This will involve acquiring expert advice on developing a business case,undertaking a feasibility study, establishing chatter, employing the project crew and reviewingthe need for the project. Consultation is assumed to be fixed to the first year but will be moved torecurrent expenditure thereafter. In the first financial year, the cost estimate for consultation isthirty thousand and reduces in the consequent financial years since system advice and analysis isall that is assessed. The analysis and costs for consultation remain fixed at 5,000 for thesubsequent years but drawing a window for a supplementary budget is opened to gather forunexpected costs. In this case, it is assumed that there won’t be any extra costs brought about bychanges in outside economic conditions. The implementation salaries are estimated at a hundred and fifty thousand in the year ofimplementation and no more costs for implementations are expected in the subsequent years. Thesalary costs for running the system in the following years are shifted to the recurrent expenditureportfolio. This means that salary implementation costs under capital costs will remain zero forthe next five fiscal years. This assumes that the employed personnel remains fixed with noaddition of extra workforce that may project costs in the other years.