Activity 6. WBS for Alternative 2:. WBS for Alternative
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Added on 2019-09-26
Activity 6. WBS for Alternative 2:. WBS for Alternative
Added on 2019-09-26
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Activity 6WBS for Alternative 2:WBS for Alternative 3:
Activity 7Economic Analysis of Alternative SolutionsIntroductionThe purpose of the Acquisition Strategy Statement is to serve as the roadmap for guiding contractor solicitation, contractor selection, and implementation project activities from initiation of the implementation project to its operations and ultimate disposal at the end of its useful life. This document will be approved by senior management before it is being distributed. It then becomes a "living document" in the sense that it is updated as decisions are made and new information will become available.NPV versus ROIROI will be more preferable for the alternative solution 1, 2 and 3 as it will give the value in percentage like 40% of ROI will be achieved but for alternative 1, 2 and 3 ROI and NPV both are required in order to get the adequate financial data.Providing data for the economic analysisFor alternative solution 1, the total risk exposure is $8,800-$28,000. And for alternative solution 2, the total risk exposure is $10, 900- $32, 000. And for the alternative solution 3, the total risk exposure is $22,500-$74,500. As it can be concluded that the alternative solution 1 will be more economically feasible.Risk data and risk adjustmentsIn all the three alternatives the organizational risk, privacy risk, complexity risk, infrastructure risk and external risk will be adjusted by mitigating the various strategies for each alternatives which will be economically feasible.benefits data and cost dataThe professional approach need to be implemented for the cost data and the alternative 2 is most suitable as can be seen inthe WBS of the alternatives.Selecting a common life cycle periodThe common life cycle period will be of threeyears as the selected alternative will give the best output. As the software will work without becoming obsolete.
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