Chapter 4, Problem 14PE

Explanation of Solution

Costs need to be accounted:

• Non-profit organizations are those organizations which require surplus revenue to achieve an objective.
• While creating a non-profit organization, one of the toughest tasks is cost identification.
• Budget is calculated by finding the amount of money spent and the income...

Explanation of Solution

List of expected costs for the project:

• One-time costs
  • The one-time costs involved with the project are as follows:
    • Purchase of hardware equipment costs.
    • Purchase of required software costs.
    • Development costs involved with the project.
    • Site preparation costs.
    • Costs required for training the users.
    • Other costs.
• Recurring costs
  • The recurring costs involved with the project are as follows:
    • Maintenance cost.
    • Communication cost.
    • Lease of equipment’s like hardware and software costs.
    • Supply of new additional requirement cost.
    • Other costs.

List of benefits from the project:

• Tangible benefits
  • Tangible benefits are those benefits that can be estimated properly during the project course...