This project report provides a specific solution to overcome overdue and decision making problems for the John by introducing a new alternative solution that can help in managing their profit as well as increase maximum number of customers.
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Feasibility Report 1
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Table of Contents EXECUTIVE SUMMARY.............................................................................................................3 Project summary..........................................................................................................................3 Project scope................................................................................................................................3 Project objective..........................................................................................................................4 Constraints and assumption for the new system..........................................................................4 Analysis of alternative scenario...................................................................................................5 Recommendation.........................................................................................................................6 REFERENCES................................................................................................................................8 2
EXECUTIVE SUMMARY This project report is intended to provide specific computing solution to the John business which is not growing in line with their expectation due the regular growth of the town. In fact, Johan is facing lot of key issues regarding its Diamond video rental business. There are lot of compliant regarding their products and services such as lengthy time, inaccurate data, customer booking videos and duration of time it takes to a video rental. However, this report provide a specific solution to overcome overdue and decision making problems for the John by introducing a new alternative solution that can helps in managing their profit as well as increase maximum number of customers. For this purpose, the customer has marked to invest a total amount of $ 30000 along with the couple of month time to design the new device. According to the IT solution, they have been decided to develop a Cloud technology on the base of database software that can help in tracking of videos as well as keep customer data up to data on consistent basis. Project summary According to the overall analysis of the current business situation, it has been decided to organize a new project called as Video Rental system. It is entirely control by J. Smith along with the project manager S. Goldsmith and J. Vandrine. However, the entire accounting system is full digital which is managed by popular software. It does not have any new problems associated with the recording of customer information as well as maintain proper security of the critical transactions that are done on continuous basis (Haissaguerre and et.al., 2013). The budget allocated to this new project is amounted to $ 30000. Moreover, it will further assist in saving the additional time use during the recording of information for this purpose, the staffs are getting reasonable amount of pay so that they can work effectively. Project scope The entire business project required to be based on the digital computing system that can assist in reducing time those are needed to locate videos as well as maintain accuracy level of the customer data and evaluate on consistent basis.In fact, the project consists of developing a central database system that could be taken into account as well as operated from various locations (Tan and Massoulié, 2012). However, the primary benefits of using the new software are to record the recent data of and customer history and monitor the progress of their services 3
through videos. Henceforth, they need to check the overdue as well as reserved network data on a regular basis. According to the research of the IT solution, it has been seen that this particular system would assist in reducing most of the customer problems in more effective ways. The project would begin in operation from 20.01.2011; close date will be 20.03.2011 with the total investments of not more than $ 30000. Project objective According to the new project plan, it has been seen that John need to implement certain activity that can assist in developing Video Rental system on the base of Database software. It would further consist of certain objectives such as: To control the losses faced by the John since last couple of months To install an effective network server along with the establishing local network assistance To create direct connection with the customer information and video database To develop a query and report system that can help to manage their regular overdue, client report and slow moving of the video report To manage the decision those are affecting the future direction and marketing strategy on the card files Provide full support to the advance developed system to control the errors. Constraints and assumption for the new system The major benefits of using this new system is to install on the current hardware which is not required continuous upgrading. The results of this will be more accurate that could avoid work stoppage in the future. In accordance to the network server as well as the database system will required to be included with the total cost of $ 6000. For this purpose, the IT solution will need a total of 2 month time to develop and test the new software system. CostsUnitEntryExtended Implementation PlanningHours120 Contract LaborDollars500 Internal Implementation LaborHours1,500 Capital CostsDollars6,000 Implementation Cost8,120 Amortized Implementation Cost4,000 Ongoing 4
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Maintenance ContractDollars/Month500 Operational CostsDollars/Month200 Ongoing Monthly Cost700 Monthly Cost$4,700 BenefitsUnitEntryExtended Productivity SavingsDollars/Month8,000 Expense ReductionDollars/Month1,500 Increased SalesUnits 2 0002,000 Decreased Cost of Goods SoldDollars/Unit1,000 Monthly Benefit$12,500 Calculate Total Monthly Benefit Monthly Benefit$12,500 Monthly Cost$4,700 Total Monthly Benefit$7,800 Payback (Months)1 Analysis of alternative scenario In order to provide a new digital database system, it is important to have an alternative solution that can help in managing the problems effectively. Therefore,cloud technologyis one of the best computer system resources that come-up with a more data storage and computing power without using any direct active management (Arora, Parashar and Transforming, 2013). The term is basically taken into account to determine the data centre available to various clients over the online network. However, in simple term, it is the ability to host a software platform from a remote location that could easily be accessed by user from anywhere through internet mode. The scope of cloud computing technology tends to offer various job opportunities in a wide range of roles those are ranging from IT system as well as support different business analyst in the areas of net security. Advantage: The cloud technology tends to support environmental proactively, empower virtual services instead of physical products and hardware as well as improve the energy efficiency (Xu, 2012). Disadvantage: The biggest limitation of this technology is that it does not get all the features at the same time. The control mechanism is weak that could results in system failure sometime while moving the services to the cloud network. It also carries problems with the low bandwidth. 5
There are certain requirements that are not met according to the existing system such as: Thecustomer’scomplaintssometimecannotbecontrolbecauseofthefailurein transferring data over the cloud network. The planning for analysing the daily and weekly reports cannot get affected. The chances of modification will be always arises in the future. According to the current system, this cloud technology will make huge impacts by providing quick and easy solution to the client information as well as their security purpose. They can simply manage their video database by posting it on the cloud computing system. Expected benefits: It would be more efficient for the John business in terms of reducing cost. It has been seen that John does not need to spend huge amount of money on buying further equipments for the database security (Fernando, Loke and Rahayu, 2013). Hardware: The main hardware which is used to control the cloud technology is “HUBNET”. It consists of multi-sockets, muticore servers, local area network (LAN) and switches or routers etc. Software: There are certain key software those are associated with the cloud technology such as PhoenixNAP, Amazon Web services, Microsoft Azure, Google cloud platform and Adobe. Costing: Good technology software tends to cost around $ 10000-$ 15000, whereas Cloud-based server could cost $ 70000-$ 100000. Feasibility of each solution Economical: It is generally related with the cost as well as logistical outlook for a business project. However, it is important to enhance the credibility of a project. Technical: It simply deals with the material, labor, transportation and other important resources that are required during the time of installation process. Operational: It would tends to measure the ongoing proposed system working ability, whetheritisabletosolvetheproblemsaswellastakeadvantageofthenew opportunities those are identified during the scope. Recommendation From the above report analysis, it has been suggested to the John that the alternative solution is more effective than the existing one. It would help in managing the client problems as well as control the errors those are arises during the business transactions. But the only thing is 6
noticeable is the cost of installation of cloud technology little at higher side. However, the overall performance of the new project will provide more advantage in the coming time. 7
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REFERENCES Books and Journals: Arora, R., Parashar, A. and Transforming, C.C.I., 2013. Secure user data in cloud computing usingencryptionalgorithms.Internationaljournalofengineeringresearchand applications.3(4). pp.1922-1926. Fernando, N., Loke, S.W. and Rahayu, W., 2013. Mobile cloud computing: A survey.Future generation computer systems.29(1). pp.84-106. Haissaguerre, M., and et.al., 2013. Noninvasive panoramic mapping of human atrial fibrillation mechanisms: a feasibility report.Journal of cardiovascular electrophysiology.24(6). pp.711-717. Tan, B. and Massoulié, L., 2012. Optimal content placement for peer-to-peer video-on-demand systems.IEEE/ACM transactions on networking.21(2). pp.566-579. Xu, X., 2012. From cloud computing to cloud manufacturing.Robotics and computer-integrated manufacturing.28(1). pp.75-86. 8