Cost/Benefit Analysis

All legitimate results will have selected rewards or advantages, and selected disadvantages to approachs. These grimness and weaknesses are identified when each alternative solution is assessed. This abstract is characteristically called cost/benefit analysis. Tangible costs The conniption up engineering investments requires investments that will support the business chuck guide. Considering this is a engineering entity several costs are in all probability to accrue. One of the cost is engine agency root this would include the cost of computer systems, communicate infrastructure as well as software systems (Marc J. Schniederjans, 2010). overly on the same the cost of staff enumerations has to be considered. This entails salaries, redress plans and allowances. In manifest costs Potential intangible costs in technology investments will entail the following areas: due to wobbles in technology landscape factors much(prenominal) as resistance to change at heart an organization, organizational restructuring may in like manner number up costs. In the case where new policies and control whitethorn crop up, this would greatly impact on costs (Marc J. Schniederjans, 2010). In some instances this whitethorn come in the form of disruptions in normal work practices as well as spate time.

Tangible benefits The tangible benefits are likely to be experienced as a result of sound investment or the use of technology such as software as well as adoption of efficient policies. Visible benefits in this area may involve cost saving methodologies. Secondly, the drop-off in useable erro r as well as improved operating(a) performan! ce as a result of factors such as training and use of sound systems as besides upright (Marc J. Schniederjans, 2010). In some cases increased flexibility that may issue from improved planning and control may also be witnessed. Intangible benefits Some benefits are also less(prenominal) likely to be quantified and these are those that are not at a time visible. In the case of a technology investment such may be the...If you want to get a all-encompassing essay, guild it on our website: OrderCustomPaper.com

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