Project Development Cost: A Case Study

Project development costs are costs that will have to be taken when performing this project. The costs could be for machines, workers, land, or any and all other expenses when performing this task. It is important to budget these costs to ensure that the project does not go over budget (Findley 1998). The preliminary return on investment is to calculate what the return on investment will be for this project. The return on investment is calculated by the revenue gained subtracted by the costs and then divided by the costs to give a percentage value of how much return on investment is on the project. Therefore, the investigation phase consists of researching information and figuring out the problem that needs to be solved by the project. It

PERT means Program Evaluation and Review Techniques and supplement Gannt charts in that with PERT charts, the user can see the delays and issues whenever a start or end date is changed on and event or milestone, especially when one task has to be completed first before the next task can begin. PERT charts are a special kind of flow chart that shows how resources work with each other to complete the task (Eichenberger 1998; Needleman, 1993). PERT charts are commonly used on projects that can’t determine exact start and end dates. When created, PERT charts consist of rectangles representing tasks with connectors in-between, to show dependencies about what parts must be completed before going on to the next step (Needleman,

During this phase of the SDLC, there has been an increasing amount of effort to make the analysis phase more productive. Most programs come from very poor specifications, if any are given. This causes developers, users, and analysts have to go through an overly complicated process of approximate details of the required product (Dean, Lee, Pendergast, Hickey, & Nunamaker, 1997). The use of methodologies such as Joint Application Design(JAD), Rapid Application Development (RAD), Information Engineering (IE), and Object-Oriented Analysis has shown improvements in the quality of the final product (Dean, Lee, 1997). During the analysis phase, data flow diagrams or DFDs are used to depict the primary processes of a system. The DFDs and associated data libraries hold information of a system’s components that need to be designed and built. DFD’s are used in the most common form approach for system development that uses the structured methodology of the waterfall model (Rob, 2006). In the object-oriented approach, a set of diagrams or models that represent the functionality of a system are used. These diagrams are usually referred to as Unified Modeling Language or UML. Using the unified processes follows an iterative and incremental approach to system development (Rob,