A software solution is expected to cost $1.2 million to implement, with $560,000 in implementation labor costs. The solution is expected to cost $250,000 annually in on-going maintenance and support labor. The benefits are expected to be $2.9 million in labor and operations savings per year.
What is the ROI, NPV Savings, ITT, and Payback period for this software? Post your answer on the discussion board.
There is a possibility that implementation costs might double and predicted benefits might fall by 50%. Would you still approve this project?
