In assessing the economic feasibility of MIS projects, it is important to identify the costs and benefits of New Systems. Identify Costs and benefits of new systems

CPA-Quantitative-Analysis-Section-4 BLOCK RELEASE

Costs and benefits of new systems Costs of a new system
 Equipment costs.
 Installation costs. Room set-up
 Development costs- Consultancy fee, changeover.
 Personnel costs. Training, recruitment, redundancy.
 Operating costs. Maintenance, accommodation, power, insurance etc
Benefits from the new system include:
 Savings from ceasing operations of the old system.
 Savings from using the new system.
 One-off revenue benefits.
 Intangible benefits like better customer satisfaction or improved staff morale.

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