Charter Financial Bank Analysis Essay

Exclusively available on IvyPanda Available only on IvyPanda

Project cost

The total cost of the project would entail several components for the accomplishment of the project:

We will write a custom essay on your topic a custom Essay on Charter Financial Bank Analysis
808 writers online
ActionCostPeriod
Benchmarking existing web sites$15 00010 days
Top Management approval$3 7505 days
Website design$45 00015 days
Website data base
Webpage coding
Developing forms
$9 000
$15 000
$8 400
10 days
10 days
7 days
Testing$4 5003 days
Total$100 65043 days

The three components (Website data base, Webpage coding, Developing forms) are simultaneous, so it is taken into account that it would take maximum ten days to accomplish this stage.

Shortest amount of time

ActionCostPeriod
Benchmarking existing web sites$18 7507 days
Top Management approval$4 5003 days
Website design$58 50010 days
Website data base
Webpage coding
Developing forms
$11 250
$19 500
$8 400
7 days
2 days
7 days
Testing$6 7501 days
Total$127 65028 days

Keep the Project within the Normal Schedule

There are two ways to keep the project within the normal timeline:

  1. To implement the fine / bonus system, and impose sanctions on the whole team, if they are not within the set deadline. If the team spends lesser time for accomplishing the assignment, and the speed of the accomplished work in no way impacted the quality of the wok, the team should be encouraged with a bonus.
  2. Sometimes unforeseen difficulties may appear, so, it would be necessary to hire new team members to keep the project within the set deadline.

35 days

To count out the changes in the budget of the project, it is necessary to count the everyday average cost of both variants. Thus, the standard variant (43 days) would cost $2340.70 a day, and the fastest – $4558.90 per a day. 35 is approximately between 43 and 28, so the arithmetical mean would be 3449.80 per a day. 3449.80 * 35=120743. The approximate cost will be $120 740.

References

Mantel, S.J.,(2007) “Project Management in Practice”, 3rd Edition.

Print
Need an custom research paper on Charter Financial Bank Analysis written from scratch by a professional specifically for you?
808 writers online
Cite This paper
Select a referencing style:

Reference

IvyPanda. (2021, October 3). Charter Financial Bank Analysis. https://ivypanda.com/essays/charter-financial-bank-analysis/

Work Cited

"Charter Financial Bank Analysis." IvyPanda, 3 Oct. 2021, ivypanda.com/essays/charter-financial-bank-analysis/.

References

IvyPanda. (2021) 'Charter Financial Bank Analysis'. 3 October.

References

IvyPanda. 2021. "Charter Financial Bank Analysis." October 3, 2021. https://ivypanda.com/essays/charter-financial-bank-analysis/.

1. IvyPanda. "Charter Financial Bank Analysis." October 3, 2021. https://ivypanda.com/essays/charter-financial-bank-analysis/.


Bibliography


IvyPanda. "Charter Financial Bank Analysis." October 3, 2021. https://ivypanda.com/essays/charter-financial-bank-analysis/.

Powered by CiteTotal, free reference generator
If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. Request the removal
More related papers
Cite
Print
1 / 1