Mobile App Development Project: XYZ Company - Financial Analysis

This project report details the development of a mobile application for XYZ Company, a software development firm. It outlines the project's scope, which includes managing customer data and allocating resources. The report covers the tools used, such as Adobe PhoneGap Build for development and MySQL Server for the database. A key aspect of the report is the financial feasibility assessment, which includes the cost of tools, resources, and potential returns, such as increased revenues and market shares. The project also addresses risk analysis, proposing security controls, audits, and training to mitigate potential risks. The report concludes with references to relevant literature on project management and financial analysis. The project is designed for both iOS and Android platforms.

Mobile Application
Development Project
XYZ Company

Introduction to the
Company
 XYZ Company – Software
Development Firm
 Incepted in 2009
 Composed of 60 Employees
 Works in Healthcare, Finance, and
Commercial Domains
 Small and Medium-Scale Enterprises
are the Clients

Project Overview
 Mobile Application Development
Project
 Client is Small-scale Financial Firm
 iOS and Android Platforms
 Primary Requirements
• Management of Customer Data
• Allocation of Duties & Responsibilities to the
Resources
• Project Tracking

Product of the Company
 Tools to be Used
• Adobe PhoneGap Build for Development
• Adobe Experience Design for Designing
• MySQL Server as the Database
• Testing Tools
 Selenium
 HP Quality Centre

Financial Feasibility Assessment
 Cost of Tools
• Adobe Experience Design: $19.99 per month
• HP Quality Centre: $45 per user per month.
Adobe PhoneGap Build, Selenium: Open
Source
• MySQL Server: $5000
 Cost of resources, design &
development costs, and training
costs: $60,000

Financial Feasibility Assessment
 Funding Sources
• Project Sponsor
• Business Partners of the Client
 Returns & Benefits
• Increase in Revenues: 35%
• Increase in Employee Productivity &
Efficiency: 45%
• Increase in Market Shares: 37%

Risk AnalysisRisk ID Name Description Probability Impact
1 Information
Security Risks
The mobile application that is being
developed may be exposed to information
security threats and attacks, such as
malware attacks, network-based security
attacks, etc.
4 5
2 Quality Risks The quality of the mobile application may
not be in accordance with the quality
standards.
1 5
3 Schedule/Budget
Overrun
The overrun of the estimated schedule or
budget may come up with re-work and
increased changes.
3 5
4 Resource Risks The project resources may not contribute to
the project as per the expected productivity
levels.
2 4
5 Operational Errors There may be operational errors
encountered by the resources.
3 3
6 Technical Faults The technical tools and faults may have an
error and may not function as per the
expectation.
2 4
7 Ethical Issues Non-adherence to the ethical standards 2 5
8 Legal Obligations Non-adherence to the legal standards 1 5

Conclusion
 Feasible from Financial Perspective
 Risk Controls & Countermeasures
• Security Controls
• Audits & Reviews
• Training to the Resources
• One on One Discussions with the Resources
• Project Performance Assessment at Regular
Intervals

References
Huston, S., & Jadevicius, A. (2014). Sustainability
Assessment and Feasibility Analysis: Towards Reflexive
Foresight and Financial Scrutiny. SSRN Electronic
Journal. doi: 10.2139/ssrn.2465848
Payne, J. (2013). Secure Mobile Application Development.
IT Professional, 15(3), 6-9. doi: 10.1109/mitp.2013.46
Ravis, J. (2013). Risk Analysis Paramount in Project
Financing Decisions. Natural Gas & Electricity, 30(4), 1-
7. doi: 10.1002/gas.21721
Simister, S. (2004). Managing Project Risk and
Uncertainty. International Journal Of Project Management,
22(3), 269-270. doi: 10.1016/s0263-7863(03)00007-3

Thank You!
Any Questions?