Discuss on Managing Cost And Measuring Performance. The purpose of this assignment is to determine performance measurement practices and costs associated with the implementation of new technology.
As a manager responsible for the implementation of new technology, the ability to develop and manage a budget effectively is critically important. Also of importance are the identification of key performance indicators and practices that will be implemented to measure performance.
Think about the key performance indicators for the project. Formulate performance measurement practices that you will utilize during completion of the project. In a 250-500 word summary, describe three key performance indicators and three performance practices you will employ in managing the technological implementation. Include specific details and a rationale for each selection.
Using the budget submitted in the Topic 3 assignment, calculate the net present value of the project.
Assume that you have made the decision to complete all technology work in-house and that you will not be utilizing off-shore resources. You have the following human resources available to work full-time on the project at the noted hourly rates. Adjust the cost of the project based on this information.
Project Manager: $120 per hour
Network Engineer: $95 per hour
System Design Engineer: $90 per hour
Senior Programmer/Analyst: $85 per hour
Programmer/Analyst: $75 per hour
System Test Engineer: $75 per hour
Software Test Engineer: $65 per hour
Support Team Manager: $55 per hour
In 250-500 word summary, determine appropriate compensation and rewards for those associated with completion of the project. Provide a rationale to justify the selection of the noted financial compensation and rewards.
Submit the summaries and the updated budg