Discussion 3 - Research paper 2 - Problem set -1

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SafeAssign Originality Report Summer 2020 - Planning the Project (BADM-633-51) - Full Term • Problem Set #3

%100Total Score: High riskSai Kumar Baruri Submission UUID: 27bd66b6-6eb5-5254-c77e-bf21a5f85964

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Word Count: 949 Problem Set 3.Sharath Dasari.docx

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Running Head: PROJECT PLANNING 1

Problem Set #3 6

PROBLEM SET #3

Sai Kumar Baruri (002846844)

Dr. Terrance Knox

BADM-633 Planning the Project

University of the Cumberland’s

The question I - Go online and search for project life cycle models. Identify at least two that are different from the PMI model, and compare and contrast the

phases. Be sure to cite your sources. PMI is about the launch, process of preparation, initiating phase, and closing step in that order according to the PMI model for a project life cycle (Kerzner, 2017). The other two life cycle models apart from PMI are the single waterfall model and the staggered implementation. The clear

waterfall consists of architecture, specifications, architectural design, detailed design, coding, development and testing, and lastly, execution. Complete design phase, coding, testing, and implementation forms part of the stage production. When comparing the waterfall model and the PMI model, it is found that the PMI model is more detailed and straightforward to use, therefore it provides a stable basis where the project will run smoothly and efficiently. The main difference between

the PMI model and the pure waterfall model is that the PMI model is closed (Ajam, 2018). A staggered model is known to be a simplified variant of a model pure waterfall. The two types of models compared to the PMI is that they are more focused on the designing and implementation of the project and not oriented on the outcome, whereas the PMI model is outcome-oriented (Portugal, 2018). Question II - Software project decision point. I believe an interest rate to be used in

software project decisions should be 15%. The reason for choosing this kind of interest rate is because I found out that the 15% rate falls in the middle of the significant interest rates according to the outside research conducted (song, 2019). According to the personal experiences together with previous business courses, a 15% interest rate is fair and averagely reasonable for the borrowers who want to purchase a product and genuinely in need of help By critically checking on the two

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5/22/2020 Originality Report

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15% interest rate is fair and averagely reasonable for the borrowers who want to purchase a product and genuinely in need of help. By critically checking on the two options, option two consists of the original total fixed cost compared to option 1, making option two my prediction with the best and financial option. Option 1:

Purchase the FunSoft package: Cost $200,000 for software and $85,000 for hardware in year one; with $50,000 to customize it and a $40,000 annual licensing fee for the life of the contract. There will be an annual saving of $61,000 due to the layoff of a clerk.

OPTION 1 Fixed Costs

Software 200,000

Hardware 85,000

Customize 50,000

Total Fixed Cost $ 335,000.00

Interest Rate 15%

OPTION 1 Sales Increase (10%) Difference Yearly Total NPV

Year 0 --

$ 314,000.00 $ 314,000.00

Year 1 $ 1,000,000.00 $ 1,000,000.00 $ 293,000.00 $ 254,782.61

Year 2 $ 1,100,000.00 $ 100,000.00 $ 272,000.00 $ 205,671.08

Year 3 $ 1,210,000.00 $ 110,000.00 $ 251,000.00 $ 165,036.57

Year 4 $ 1,331,000.00 $ 121,000.00 $ 230,000.00 $ 131,503.25

Year 5 $ 1,464,100.00 $ 133,100.00 $ 209,000.00 $ 103,909.94

Sales Total $ 6,105,100.00 $ 1,464,100.00 $ 1,255,000.00 $ 1,174,903.44

Total Benefit $ 1,769,100.00

Total Costs $ 535,000.00

ROI 2.31

Option 2: Purchase the SoftComm package, which will operate on the vendor's hardware: Cost $250,000 for a five-year license, payable half upfront and half

during the first year of implementation. The maintenance contract, at $75,000 a year, includes all currently identified modifications to the software for the first three years. Half, for a saving of $25,000 a year, will cut the clerk’s hours. OPTION 2 Fixed Costs

SoftComm 250,000

Total Fixed Cost $ 250,000.00

Interest Rate 15%

OPTION 2 Sales Increase (10%) Difference Yearly Total NPV

Year 0 --

$ 300,000.00 $ 300,000.00

Year 1 $ 1,000,000.00 $ 1,000,000.00 $ 350,000.00 $ 304,347.83

Year 2 $ 1,100,000.00 $ 100,000.00 $ 400,000.00 $ 302,457.47

Year 3 $ 1,210,000.00 $ 110,000.00 $ 450,000.00 $ 295,882.30

Year 4 $ 1,331,000.00 $ 121,000.00 $ 500,000.00 $ 285,876.62

Year 5 $ 1,464,100.00 $ 133,100.00 $ 550,000.00 $ 273,447.20

Sales Total $ 6,105,100.00 $ 1,464,100.00 $ 2,550,000.00 $ 1,762,011.42

Total Benefit $ 1,589,100.00

Total Costs $ 625,000.00

ROI 1.54

In both cases, sales are expected to increase from the current $1 million a year, by 10% per year each year (over each year’s previous year’s sales) after full

implementation. Assume a five-year life for the software. The reason is that the Return On Investments (ROI) for option 1 with the value (2.31) is higher than that

for option 2 with the value (1.54). According to the knowledge from the previous course that the primary goal of any company is to maximize profits, I believe option one will allow the company to maximize its benefits.

References

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Source Matches (33)

Student paper 100%

Student paper 90%

Student paper 100%

Student paper 97%

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Ajam, M. (2018). Project management beyond waterfall and agile. CRC Press. Kerzner, H. (2017). Project management: a systems approach to planning,

scheduling, and controlling. John Wiley & Sons. Portugal, R. (2018). Staggered Model. In Quantum Walks and Search Algorithms (pp. 159-174). Springer, Cham.

Song, J. (2019, September 17).

Average Personal Loan Interest Rates for 2019. Retrieved from https://www.valuepenguin.com/personal-loans/average-personal-loan-interest-rates.10

Student paper

PROJECT PLANNING 1

Original source

PLANNING THE PROJECT 1

Student paper

Problem Set #3 6 PROBLEM SET #3

Original source

Problem Set 3 Problem Set 3

Student paper

BADM-633 Planning the Project

Original source

BADM-633 – Planning the Project

Student paper

The question I - Go online and search for project life cycle models. Identify at least two that are different from the PMI model, and compare and contrast the phases. Be sure to cite your sources.

Original source

Go online and search for project life cycle models Identify at least two that are different from the PMI model, and compare and contrast the phases Be sure to cite your sources

Student paper

The other two life cycle models apart from PMI are the single waterfall model and the staggered implementation. The clear waterfall consists of architecture, specifications, architectural design, detailed design, coding, development and testing, and lastly, execution.

Original source

The single waterfall model and the staggered implementation are two project life cycles separate from PMI model Waterfall models involve architecture, specifications, architectural design, detailed design, coding, development and testing and execution

Student paper

The main difference between the PMI model and the pure waterfall model is that the PMI model is closed (Ajam, 2018).

Original source

The main difference between PMI model and the waterfall is that the PMI model is closed

Student paper

Question II - Software project decision point.

Original source

Software project decision point

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Student paper 67%

Student paper 100%

Student paper 97%

Student paper 100%

Student paper

I believe an interest rate to be used in software project decisions should be 15%. The reason for choosing this kind of interest rate is because I found out that the 15% rate falls in the middle of the significant interest rates according to the outside research conducted (song, 2019). According to the personal experiences together with previous business courses, a 15% interest rate is fair and averagely reasonable for the borrowers who want to purchase a product and genuinely in need of help.

Original source

For the software project decision, I believe an interest rate of 15% I have chosen 15% as the interest rate for this project because after outside research was conducted, I concluded 15% seemed to have fallen in the middle of the majority of all the interest rates (Song, J., 2019) From personal experiences and past business courses, I find this to be a fair and middle of the line interest rate that is reasonable for borrowers who are in need of help to make a purchase

Student paper

Original source

Purchase the FunSoft package Cost $200,000 for software and $85,000 for hardware in year one with $50,000 to customize it and a $40,000 annual licensing fee for the life of the contract There will be an annual saving of $61,000 due to the layoff of a clerk

Student paper

OPTION 1 Fixed Costs

Original source

OPTION 1 Fixed Costs

Student paper

Software 200,000 Hardware 85,000 Customize 50,000 Total Fixed Cost $ 335,000.00

Original source

Software $200,000 Hardware $85,000 Customize $50,000 Total Fixed Cost $335,000

Student paper

Interest Rate 15% OPTION 1 Sales Increase (10%) Difference Yearly Total NPV

Original source

Interest Rate 15% OPTION 1 Sales Increase (10%) Difference Yearly Total NPV

Student paper

$ 314,000.00 $ 314,000.00 Year 1 $ 1,000,000.00 $ 1,000,000.00 $ 293,000.00 $ 254,782.61 Year 2 $ 1,100,000.00 $ 100,000.00 $ 272,000.00 $ 205,671.08 Year 3 $ 1,210,000.00 $ 110,000.00 $ 251,000.00 $ 165,036.57

Original source

$314,000.00 $314,000.00 Year 1 $1,000,000.00 $1,000,000.00 $293,000.00 $254,782.61 Year 2 $1,100,000.00 $100,000.00 $272,000.00 $205,671.08 Year 3 $1,210,000.00 $110,000.00 $251,000.00 $165,036.57

Student paper

Year 4 $ 1,331,000.00 $ 121,000.00 $ 230,000.00 $ 131,503.25 Year 5 $ 1,464,100.00 $ 133,100.00 $ 209,000.00 $ 103,909.94

Original source

Year 4 $1,331,000.00 $121,000.00 $230,000.00 $131,503.25 Year 5 $1,464,100.00 $133,100.00 $209,000.00 $103,909.94

5/22/2020 Originality Report

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Student paper 100%

Student paper 96%

Student paper 100%

Student paper 89%

Student paper 100%

Student paper

Sales Total $ 6,105,100.00 $ 1,464,100.00 $ 1,255,000.00 $ 1,174,903.44

Original source

Sales Total $ 6,105,100.00 $ 1,464,100.00 $ 1,255,000.00 $ 1,174,903.44

Student paper

Total Benefit $ 1,769,100.00

Original source

Total Benefit $ 1,769,100.00

Student paper

Total Costs $ 535,000.00

Original source

Total Costs $ 535,000.00

Student paper

ROI 2.31

Original source

ROI 2.31

Student paper

Purchase the SoftComm package, which will operate on the vendor's hardware: Cost $250,000 for a five-year license, payable half upfront and half during the first year of implementation. The maintenance contract, at $75,000 a year, includes all currently identified modifications to the software for the first three years. Half, for a saving of $25,000 a year, will cut the clerk’s hours.

Original source

Purchase the SoftComm package, which will operate on the vendor’s hardware Cost $250,000 for a five-year license, payable half up front and half during the first year of implementation The maintenance contract, at $75,000 a year, includes all currently identified modifications to the software for the first three years The clerk’s hours will be cut by half, for a saving of $25,000 a year

Student paper

OPTION 2 Fixed Costs SoftComm 250,000

Original source

OPTION 2 Fixed Costs SoftComm 250,000

Student paper

Total Fixed Cost $ 250,000.00

Original source

Total Fixed Cost $250,000

Student paper

Interest Rate 15%

Original source

Interest Rate 15%

Student paper

OPTION 2 Sales Increase (10%) Difference Yearly Total NPV

Original source

Option 2 Sales Increase (10%) Difference Yearly Total NPV

Student paper

$ 300,000.00 $ 300,000.00 Year 1 $ 1,000,000.00 $ 1,000,000.00 $ 350,000.00 $ 304,347.83 Year 2 $ 1,100,000.00 $ 100,000.00 $ 400,000.00 $ 302,457.47 Year 3 $ 1,210,000.00 $ 110,000.00 $ 450,000.00 $ 295,882.30

Original source

300,000.00 300,000.00 Year 1 $1,000,000.00 $1,000,000.00 350,000.00 304,347.83 Year 2 $1,100,000.00 $100,000.00 400,000.00 302,457.47 Year 3 $1,210,000.00 $110,000.00 450,000.00 295,882.30

5/22/2020 Originality Report

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Student paper 100%

Student paper 69%

diva-portal 88%

pmi 100%

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Student paper

Year 4 $ 1,331,000.00 $ 121,000.00 $ 500,000.00 $ 285,876.62 Year 5 $ 1,464,100.00 $ 133,100.00 $ 550,000.00 $ 273,447.20

Original source

Year 4 $1,331,000.00 $121,000.00 500,000.00 285,876.62 Year 5 $1,464,100.00 $133,100.00 550,000.00 273,447.20

Student paper

Sales Total $ 6,105,100.00 $ 1,464,100.00 $ 2,550,000.00 $ 1,762,011.42

Original source

Sales Total $ 6,105,100.00 $ 1,464,100.00 $ 2,550,000.00 $ 1,762,011.42

Student paper

Total Benefit $ 1,589,100.00

Original source

Total Benefit $ 1,589,100.00

Student paper

Total Costs $ 625,000.00 ROI 1.54

Original source

Total Costs $ 625,000.00 ROI 1.54

Student paper

In both cases, sales are expected to increase from the current $1 million a year, by 10% per year each year (over each year’s previous year’s sales) after full implementation. Assume a five-year life for the software.

Original source

In both cases, sales are expected to increase from the current $1 million a year, by 10% per year each year (over each year’s previous year’s sales) after full implementation Assume a five-year life for the software

Student paper

The reason is that the Return On Investments (ROI) for option 1 with the value (2.31) is higher than that for option 2 with the value (1.54).

Original source

Because the ROI for Option 1 (2.31) is higher than the ROI for Option 2 (1.54) I believe that Option 1 is more beneficial

Student paper

a systems approach to planning, scheduling, and controlling.

Original source

a systems approach to planning, scheduling, and

Student paper

John Wiley & Sons.

Original source

John Wiley & Sons

Student paper

(2019, September 17). Average Personal Loan Interest Rates for 2019. Retrieved from https://www.valuepenguin.com/personal -loans/average-personal-loan-interest- rates.

Original source

(2019, September 17) Average Personal Loan Interest Rates for 2019 Retrieved from https://www.valuepenguin.com/personal -loans/average-personal-loan-interest- rates