Cost-Benefit Analysis

[Proposed Product/Initiative/Service]
Quantitative Costs Year 1- 4 Year 5
Non-Recurring Costs
Hardware $ 10,000
Servers $ 5,000
Desktop $ 15,000
Telecommunication equipment $ 25,000
Software (packaged or custom) $ 75,000
Computer room upgrades
Furniture and fixtures
Project organizational/support costs $ 24,000
Planning (upon approval)
Procurement
Contract negotiations
Labour $ 480,000
Infrastructure $ 197,600
Development
Business Process owners (users)
Management
Training of employees (pre-implementation)
Transition costs (parallel systems)
Post implementation reviews
Total Non-Recurring Costs $ 831,600 $ -

Recurring Costs
Hardware/Software $ 4,500
Software maintenance and upgrades $ 11,250
Computer supplies
Desktops (incremental to the project)
Help Desk support
Ongoing Additional Labour
IT staff costs (incl. benefits)
User training
Other (Operations) $ 44,362
Telecommunications
Office leases
Total Recurring Costs $ - $ 60,112
Total Costs $ 831,600 $ 60,112

QUANTITATIVE BENEFITS Year 1- 4 Year 5

Revenues
Inpatients and Diagnostics $ 66,820

Total Revenues $ - $ 66,820

Cost Savings
Decreased cost of services provided
Savings from Business process improvements
Productivity gains
Savings from structural changes
Savings from optimized information (or flow)
Decreased information publishing cost
Reduced staffing cost (incl. overtime)
Reduced staff turnover costs
Total Cost Savings $ - $ -

Cost Avoidance
(Enter Cost Avoidance Here)

Total Cost Avoidance $ - $ -

Other Benefits
(Enter Other Benefits Here)

Total Other Benefits $ - $ -

Total Benefits $ - $ 66,820

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Year 6 Year 7 Year 8 Total

$ 10,000
$ 5,000
$ 15,000
$ 25,000
$ 75,000
$ -
$ -
$ 24,000
$ -
$ -
$ -
$ 480,000
$ 197,600
$ -
$ -
$ -
$ -
$ -
$ -
$ - $ - $ - $ 831,600

$ 4,500 $ 4,500 $ 4,500 $ 18,000

$ 11,250 $ 11,250 $ 11,250 $ 45,000
$ -
$ -
$ -
$ -
$ -
$ -
$ 125,255 $ 143,022 $ 159,158 $ 471,796
$ -
$ -
$ 141,005 $ 158,772 $ 174,908 $ 534,796
$ 141,005 $ 158,772 $ 174,908 $ 1,366,396

Year 6 Year 7 Year 8 Total

$ 178,185 $ 208,410 $ 238,282 $ 691,697

$ -
$ -
$ 178,185 $ 208,410 $ 238,282 $ 691,697

$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ - $ - $ - $ -

$ -
$ -
$ - $ - $ - $ -

$ -
$ -
$ - $ - $ - $ -

$ 178,185 $ 208,410 $ 238,282 $ 691,697

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Quantitative Analysis Year 1 Year 2 Year 3 Year 4

BENEFITS
Cost Savings $0.00 $0.00 $0.00 $0.00

Cost Avoidance $0.00 $0.00 $0.00 $0.00

Revenue $0.00 $66,820.33 $178,184.54 $208,410.37

Other $0.00 $0.00 $0.00 $0.00

Total Benefits $0.00 $66,820.33 $178,184.54 $208,410.37

COSTS
Non-Recurring $831,600.00 $0.00 $0.00 $0.00

Recurring $0.00 $60,112.09 $141,004.51 $158,771.67

Total Costs $831,600.00 $60,112.09 $141,004.51 $158,771.67

Net Benefit or Cost ($831,600.00) $6,708.23 $37,180.03 $49,638.70

Year 5 Total

$0.00 $0.00

$0.00 $0.00

$238,281.82 $691,697.06

$0.00 $0.00

$238,281.82 $691,697.06

$0.00 $831,600.00

$174,907.84 $534,796.12

$174,907.84 $1,366,396.12

$63,373.98 ($674,699.06)