Implementing Cloud Computing in Business: Short and Long Term Goals, Cost-Benefit Analysis, and Support for Implementation
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This presentation explores the benefits of implementing cloud computing in business, including cost savings and improved efficiency. It covers short and long term goals, cost-benefit analysis, and steps for implementation. Additionally, it discusses the support for implementing cloud computing, including improved communication and collaboration among team members. References are provided for further reading.
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Cloud Computing into
Business
Name of the Student:
Name of the University:
Author note:
Business
Name of the Student:
Name of the University:
Author note:
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Introduction
Cloud computing brings several benefits for business.
It minimizes cost and increase satisfaction of the customers.
The presentation covers a timeline for short and long-term, goals for
implementing cloud computing, cost-benefit analysis, outlining the steps for
cloud implementation in business and demonstrate the support of
implementing cloud computing.
Cloud computing brings several benefits for business.
It minimizes cost and increase satisfaction of the customers.
The presentation covers a timeline for short and long-term, goals for
implementing cloud computing, cost-benefit analysis, outlining the steps for
cloud implementation in business and demonstrate the support of
implementing cloud computing.
Task 1: Short and long term goals and
timeline for implementation
Cloud service implementation is beneficial in short term for minimizing costs
in business (Lian et al. 2014).
For long-term benefits, implementation of cloud computing would improve
efficiency of business operation.
Improvement of data security, flexibility, quality control as well as disaster
recovery are the long-term benefits of cloud computing in business..
timeline for implementation
Cloud service implementation is beneficial in short term for minimizing costs
in business (Lian et al. 2014).
For long-term benefits, implementation of cloud computing would improve
efficiency of business operation.
Improvement of data security, flexibility, quality control as well as disaster
recovery are the long-term benefits of cloud computing in business..
Contd.
Milestones in the
Project
1st
Week
2nd Week 3rd
Week
4thWeek 5thWeek 6thWeek
Gathering the
requirements
To do
Selecting the type
of cloud service
To do
Contacting with
the cloud service
provider
To do
Review of Cost
benefits
To do
Training to the
staffs
To do
Implementing
cloud application
To do To do
Reviewing risks
in the project
To do
Testing the
process
To do
Developing risk
mitigation plan
To do
Milestones in the
Project
1st
Week
2nd Week 3rd
Week
4thWeek 5thWeek 6thWeek
Gathering the
requirements
To do
Selecting the type
of cloud service
To do
Contacting with
the cloud service
provider
To do
Review of Cost
benefits
To do
Training to the
staffs
To do
Implementing
cloud application
To do To do
Reviewing risks
in the project
To do
Testing the
process
To do
Developing risk
mitigation plan
To do
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Task 2: Cost Benefit Analysis
Cost-Benefit - INPUT VALUES
Hardwar e $ 25,000.00
Software $ 750.00
Development team salaries $ 5,500.00
Training $ 1,750.00
Total Development Cost $ 33,000.00
Hardware $ 5,000.00
Software $ 185.00
Operational Labor $ 18,000.00
Total Operational Cost $ 3,185.00
Approximate salary savings $ 1,20,000.00
Reduced operating cost $ 45,000.00
Total Benefit $ 1,65,000.00
Discount Rate Used 10.00%
Cost-Benefit - INPUT VALUES
Hardwar e $ 25,000.00
Software $ 750.00
Development team salaries $ 5,500.00
Training $ 1,750.00
Total Development Cost $ 33,000.00
Hardware $ 5,000.00
Software $ 185.00
Operational Labor $ 18,000.00
Total Operational Cost $ 3,185.00
Approximate salary savings $ 1,20,000.00
Reduced operating cost $ 45,000.00
Total Benefit $ 1,65,000.00
Discount Rate Used 10.00%
Contd. Year of Project
0 1 2 3 4 5 TOTAL
Economic Benefit $0.00 $1,65,000.00 $1,65,000.00 $1,65,000.00 $1,65,000.00 $1,65,000.00
Discount Rate 1.0000 0.9091 0.8264 0.7513 0.6830 0.6209
PV of Benefits $0.00 $1,50,000.00 $1,36,363.64 $1,23,966.94 $1,12,697.22 $1,02,452.02
NPV of all BENEFITS $0.00 $1,50,000.00 $2,86,363.64 $4,10,330.58 $5,23,027.80 $6,25,479.82 $6,25,479.82
One-Time COSTS $(33,000.00)
Recurring Costs $0.00 $ (33,185.00) $ (33,185.00) $ (33,185.00) $ (33,185.00) $ (33,185.00)
Discount Rate 1.0000 0.9091 0.8264 0.7513 0.6830 0.6209
PV of Recurring Costs $0.00 $ (30,168.18) $ (27,425.62) $ (24,932.38) $ (22,665.80) $ (20,605.27)
NPV of all COSTS $
(33,000.00)
$ (63,168.18) $ (90,593.80) $ (1,15,526.18) $
(1,38,191.98)
$ (1,58,797.26) $ (1,58,797.26)
Overall NPV $ 4,66,682.56
Overall ROI
2.9389
Break-even Analysis
Yearly NPV Cash FLOW $(33,000.00) $1,19,831.82 $1,08,938.02 $
99,034.56
$ 90,031.42 $
81,846.74
Overall NPV Cash FLOW $(33,000.00) $ 86,831.82 $1,95,769.83 $
2,94,804.40
$
3,84,835.81
$
4,66,682.56
0 1 2 3 4 5 TOTAL
Economic Benefit $0.00 $1,65,000.00 $1,65,000.00 $1,65,000.00 $1,65,000.00 $1,65,000.00
Discount Rate 1.0000 0.9091 0.8264 0.7513 0.6830 0.6209
PV of Benefits $0.00 $1,50,000.00 $1,36,363.64 $1,23,966.94 $1,12,697.22 $1,02,452.02
NPV of all BENEFITS $0.00 $1,50,000.00 $2,86,363.64 $4,10,330.58 $5,23,027.80 $6,25,479.82 $6,25,479.82
One-Time COSTS $(33,000.00)
Recurring Costs $0.00 $ (33,185.00) $ (33,185.00) $ (33,185.00) $ (33,185.00) $ (33,185.00)
Discount Rate 1.0000 0.9091 0.8264 0.7513 0.6830 0.6209
PV of Recurring Costs $0.00 $ (30,168.18) $ (27,425.62) $ (24,932.38) $ (22,665.80) $ (20,605.27)
NPV of all COSTS $
(33,000.00)
$ (63,168.18) $ (90,593.80) $ (1,15,526.18) $
(1,38,191.98)
$ (1,58,797.26) $ (1,58,797.26)
Overall NPV $ 4,66,682.56
Overall ROI
2.9389
Break-even Analysis
Yearly NPV Cash FLOW $(33,000.00) $1,19,831.82 $1,08,938.02 $
99,034.56
$ 90,031.42 $
81,846.74
Overall NPV Cash FLOW $(33,000.00) $ 86,831.82 $1,95,769.83 $
2,94,804.40
$
3,84,835.81
$
4,66,682.56
Contd.
0 1 2 3 4 5 0
$0.00
$100,000.00
$200,000.00
$300,000.00
$400,000.00
$500,000.00
$600,000.00
$700,000.00
$800,000.00
NPV of all BENEFITS NPV of all COSTS
Year
0 1 2 3 4 5 0
$0.00
$100,000.00
$200,000.00
$300,000.00
$400,000.00
$500,000.00
$600,000.00
$700,000.00
$800,000.00
NPV of all BENEFITS NPV of all COSTS
Year
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Task 4: Support implementation of the
plan
It is required to develop proper justification for cloud computing applications
Cloud computing reduces carbon footprint as well as provide employees a
better work-life balance
Improving communications among the stakeholders with a business is one of
the major requirements in current business (Di Spaltro et al. 2016).
plan
It is required to develop proper justification for cloud computing applications
Cloud computing reduces carbon footprint as well as provide employees a
better work-life balance
Improving communications among the stakeholders with a business is one of
the major requirements in current business (Di Spaltro et al. 2016).
Contd.
Implementation of cloud computing assists in scaling the infrastructure.
Cloud computing increases collaboration among team members in business
organization (Chang and Ramachandran 2016).
The features like auto-scaling and updating software automatically are the
powerful advantages.
Implementation of cloud computing assists in scaling the infrastructure.
Cloud computing increases collaboration among team members in business
organization (Chang and Ramachandran 2016).
The features like auto-scaling and updating software automatically are the
powerful advantages.
Conclusion
By gathering information in review and summary assists to understand
fundamentals of cloud computing and types of services offered and costs.
Training and coaching are helpful in increasing cloud computing potential
assists to determine the strategy to implement cloud computing in business.
By gathering information in review and summary assists to understand
fundamentals of cloud computing and types of services offered and costs.
Training and coaching are helpful in increasing cloud computing potential
assists to determine the strategy to implement cloud computing in business.
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References
Avram, M.G., 2014. Advantages and challenges of adopting cloud computing
from an enterprise perspective. Procedia Technology, 12, pp.529-534.
Chang, V., Kuo, Y.H. and Ramachandran, M., 2016. Cloud computing
adoption framework: A security framework for business clouds. Future
Generation Computer Systems, 57, pp.24-41.
Chang, V. and Ramachandran, M., 2016. Towards achieving data security with
the cloud computing adoption framework. IEEE Trans. Services
Computing, 9(1), pp.138-151.
Dawson, C.J., DiLuoffo, V.V., Kendzierski, M.D. and Seaman, J.W.,
International Business Machines Corp, 2016. Optimizing cloud service
delivery within a cloud computing environment. U.S. Patent 9,274,848.
Avram, M.G., 2014. Advantages and challenges of adopting cloud computing
from an enterprise perspective. Procedia Technology, 12, pp.529-534.
Chang, V., Kuo, Y.H. and Ramachandran, M., 2016. Cloud computing
adoption framework: A security framework for business clouds. Future
Generation Computer Systems, 57, pp.24-41.
Chang, V. and Ramachandran, M., 2016. Towards achieving data security with
the cloud computing adoption framework. IEEE Trans. Services
Computing, 9(1), pp.138-151.
Dawson, C.J., DiLuoffo, V.V., Kendzierski, M.D. and Seaman, J.W.,
International Business Machines Corp, 2016. Optimizing cloud service
delivery within a cloud computing environment. U.S. Patent 9,274,848.
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