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IS/IT project costs and benefits

Imagine that your company has developed and delivered a prototype network security system to a client. The client has accepted the prototype and has decided to deploy it across its organisation. In the short term, it is easy to demonstrate the satisfaction of the organisation’s goals by staying on budget, on task and on time and by increasing the security across the organisation’s network. Showing the long-term satisfaction of the organisation’s goals is a completely separate challenge. Often, revisions and updates are needed to maintain the system, and additional costs are incurred that may negatively impact the
initial short-term success of the project.

If you were the project manager on this project, how would you demonstrate the long-term financial benefits of this solution? Describe the benchmarking methods you would use to measure the success of the project. Explain what type of financial analysis you would use to measure the cost savings and expected return on investment.

Category: Essays

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