Lack of historical data and prior knowledge of an information system makes it difficult to estimate the cost of an information systems project. Required:Formulate a checklist...

Lack of historical data and prior knowledge of an information system makes it difficult to estimate the cost of an information systems project.
Required:
Formulate a checklist that could assist an organization in identifying, quantifying and evaluating information systems costs.

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?
Feasibility study: Preparation of gross estimates of developments, implementation and operation
costs for each probable alternative solution.
?
Development costs are one-time costs that will not recur after the project has been
completed e.g. systems development, hardware/software, user training, site preparation
and data conversion.
?
Operating costs are costs that tend to recur throughout the lifetime of the system. E.g.
maintenance, data storage expenses, communications expenses, software licenses. Such
costs can be classified as:
Fixed costs – occur at regular intervals but at relatively fixed rates
Variable costs – occur in proportion to some usage factor.

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gregorymasila answered the question on November 27, 2017 at 13:24

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