Purchase Solution

Financial Factors of new software project implementation

Not what you're looking for?

Ask Custom Question

The management of the Riordan Manufacturing company wants to create a new accounting system to address the challenges described in the company overview (see finance and accounting section).

c. Prepare a 350-700-word memo to the CFO outlining the following:

1) Factors to be considered in estimating the incremental after tax cash flows for the project. (Be sure to address the outflows and inflows at the beginning of the project as well as over its life).

2) Describe ways of evaluating the project and recommend which approach is best. Give the reasons for your choice.

Attachments
Purchase this Solution
Solution Preview

Factors to be considered in estimating the incremental after tax cash flows for the project-
Solutions regarding Project implementation, Factors of new software project implementation, ways of evaluating the project and recommend which approach is best, cash flows in project implementation, advatages of Decision Support System:
INTRODUCTION
Factors to be considered:
The need for change is being discussed since long and for replacement the current system with a new system has to be well planned, following factors have to be considered for getting the complete financial implication of project which underlines the benefit derived from the new project of software implementation. At the same time it also implies to study cash flows in detail and the evaluation of project. Based on this broad view various factors that will effect are discussed below.
CASH FLOWS
1) CASH outflow at the beginning: cost of software, hardware and the networking, Cost of installation of software & training of personnel.
2) CASH inflow at the beginning: sale of old software, hardware and networking equipment, investment allowance and other Income Tax/ Investment incentives available.
3) CASH inflow while executing project:
a) that is during life of project include depreciation which will be charged every year for projected life of ...

Purchase this Solution
Free BrainMass Quizzes
Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

Learning Lean

This quiz will help you understand the basic concepts of Lean.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

View More Free Quizzes
Related BrainMass Solutions

  • Project Management Triple Constraints and Success Factors

    Some companies will integrate new software for projects too early, and when project changes are made, before implementation, then the software has to be reconfigured and reintegrated. Time and costs can become an issue.

  • System Launch and Support

    In the case of my current company, the factors that have occurred that caused delay in the software release and excess in development budget are lack of effective project management skills or involvement, lack of top-management commitment to the project

  • Business Management Consulting: Communication channels

    PROJECT: IMPLEMENTATION OF A NEW ACCOUNTING SOFTWARE SYSTEM Interests of various departments in relation to the project: a) Finance This department is involved in two major functions: acquisition and utilization of funds.

  • Change Management Project: Success and Failure

    The organization failed to establish a sense of urgency as a result of which the new software system took ten years for deployment. No efforts were made to educate employees on the implementation of the new system.

  • new information system

    The actual implementation phase poses lot of challenge to the project manager as he has to prepare employees to embrace this new change in the organization.

  • Enterprise Resource Planning Systems

    This is important for the success of the implementation project because software has to meet the needs and preferences of the end users or client and thus, customization or configuration has to be made for the successful implementation of the software

  • Presenting the Business Case for a Technology Solution

    In addition the business plan will also discuss about the specification and metrics for the project of supply chain management implementation. The will also assist to justify the financial initiative for the Baderman Island with unified approach.

  • Strategic Alternatives and Recommended Strategy

    277053 Strategy Implementation - Strategic Alternatives and Recommended Strategy Analysis of Strategic Factors.

  • Quality Management Initiatives into the Project Environment

    The data can be related to the kind of software to be installed and long-term profit from the software. Analyze- Here, the project is analyzed by verifying the relationship and casualty of factors.

View More Related Solutions