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IT Management

Introduction: It is important for an IT manager to be able to understand and communicate using financial terms and concepts that executive-level management staff can appreciate. The primary concern of a for-profit company is the bottom line. The ability to demonstrate that IT expenditures can result in increases in profitability is an important skill to have. This is also a critical skill when creating IT budgets that must withstand inevitable scrutiny prior to approval. Scenario: Assume that you are the IT manager for a small, private business. You have been asked to submit a budget for the upcoming fiscal year. After extensive thought, you have decided to include implementation of a voice over IP (VoIP) telephone system in your budget request. By implementing a VoIP system, you believe you can dramatically lower your monthly landline telephone expenditures and provide useful, sophisticated unified communications services. Your current telephony environment consists of 120 landlines supplied by the local telephone company. The local telephone company also supplies voicemail and related services, which brings your total expenditure to $7,500 per month. However, there are costs associated with implementing a VoIP system; these costs include necessary hardware, software, consulting services, and training. For this task, you must research VoIP technology and associated costs to complete your budget request, and then perform a cost-benefit analysis to bolster your argument for implementing a VoIP system. A. Complete the attached “Budget Request.” Note: Use research findings to complete the attached “Budget Request.” 1. Discuss the constituent costs for each of the highlighted cells based on your research. B. Complete the attached “Cost-Benefit Analysis” for the VoIP project to support your budget request. 1. Explain your cost-benefit analysis, including the following: • Direct costs – (300 words) • Indirect costs- (300 words) • Benefits (financial and non-quantifiable) (300 words) 2. Determine how many years it will take before the VoIP project will show a return on investment. (300 words) Paper, sources, citations, and references in APA format.
Introduction: It is important for an IT manager to be able to understand and communicate using financial terms and concepts that executive-level management staff can appreciate. The primary concern of a for-profit company is the bottom line. The ability to demonstrate that IT expenditures can result in increases in profitability is an important skill to have.
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Assignment ID
42569
Discipline
CREATED ON
September 16, 2016
COMPLETED ON
September 17, 2016
Price
$40
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Latest reviews for Darwin Myles
queenbrinessa81
December 2, 2016
queenbrinessa81
Very Good work!
ltwagner2222
December 1, 2016
ltwagner2222
Thank you so much, you were such a great help and I feel very confident this paper will earn me an outstanding grade!!!
vitstar
November 29, 2016
vitstar
on time, excellent work