Budget
The budget is projected over three quarters as indicated below. Additional monetary resources will budgeted in accordance with long-term phased implementation plan.
Quarter Projected Budget Projected Profit/Loss Projected Website Rank
1 $90,000 ($22,000) 39
2 $50,000 $210,000 22
3 $65,000 $407,000 13
Resources
Primus Securities will hire technology professionals. The technology team will initially include a system administrator, webmaster, and a maintenance programmer, and it should be expanded as necessary in the future. As new features are being implemented, the team would grow to potentially include more programmers, a system architect, a graphics designer, a database administrator, etc. A major benefit of in house development of projects is that the ability to customize features to the exact desired specifications and to continually fine tune the system.
If there is an aggressive timeline or a limited budget, an alternative would be to contract with an outside vendor to create the website but beware of the following risks involved:
?X Website Solution. There is often a tendency to get a more ¡§cookie cutter¡¨ solution. The website would not be unique enough for customers to recognize the benefits versus those of its competitors.
?X Service Level Agreement. Vendor may fail to meet the company¡¦s requirements and expectations of SLA.
?X Rate Fluctuations. Negotiated rate may not be the same from project to project.
?X & ...