Cost & Benefit Analysis

Forecast expected costs and benefits for the new mobile app idea. There will be many unknown variables, so your job is to make reasonable assumptions. Expected expenses — List any potential expenses for developing and launching this app. In the absence of quantifiable numbers, you will state the expense categories. Make assumptions where appropriate here. Examples of expenses include equipment, training, labor, software programming, on-going maintenance, etc. Expected benefits — what type of benefits can be realized from using this app for the end users’ perspective? What benefits can be realized by the maker of this app? Examples of benefits include: increased output, customer satisfaction, revenue increase, revenue retention, number of subscribers, etc. Assessment of Costs and Benefits — Based on your analysis, is this mobile app feasible for development? Why or why not?




Sample Solution