Not all IT projects are cost effective. Determining whether a particular idea is worthy of investment can be accomplished by performing a formal cost/benefit analysis. In some cases, such an analysis is required by state statute (for any project that will exceed $150,000).

Here's the relevant information on the Statutory Requirement to perform a Cost Benefit Analysis

Here's a sample Cost / Benefit Model to serve as a guide.

If you have questions or need assistance, please contact Rick Daniell at 802-828-1241.