Activity 7: Prepare Economic Analyses: In this activity, the two work breakdown structures you prepared in Activity 5, along with their supporting data, should provide you with much if not all of the information needed to perform an economic analysis on each of your two final alternative solutions. Use the Economic Analysis Worksheet provided in the Economic Analysis reading from IT Economics Corporation. The reading and template are in the reference list.
You need to submit two completed Economic Analysis Worksheets, one for each of your two final alternative solutions. The worksheet is set up so that you can enter each on a separate sheet of the same Economic Analysis Workbook. All you need do for each worksheet is enter the name of your project, the project cost by calendar year, the benefits by calendar year, and risk probability data for each calendar year. Detailed instructions for completing the worksheets are provided in the Workbook. You should rely on the information you generated in preparing the WBS’s for each of your two best alternatives, which will help you make reasonable estimates for the calendar year(s).
