Hey guys, basically I'm suppose to estimate the costs of implementing a website company and I am suppose to estimate the revenue from this system and then compare the two to create a cost/benefit analysis. I have done some stuff, just don't know what else I could do to achieve this.
If you can help me I would be very very greatfull :-)
I don't know if the work I've done so far is correct, but I've tried my best.
Hi xpocalypse,
Where specifically are you stuck with this? The forum is generally to help users find a solution for a specific problem, rather than to give feedback on what may be homework. If you have a specific question about your project, shoot, and we'll do our best to assist you.
Brendan.
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Originally Posted by BB1972
The part that I'm stuck on specifically is trying to find the revenue and I was wondering if you can tell me how I'm supoose to work it out using the costs.
You can't. You need to separately determine how you are going to price your product or service and what the demand will be over time. Hopefully, it will allow you to recoup your costs and make a profit, but what you can charge generally depends more on the market than your costs, so this has to come from some other source. Alternatively, you can add together your costs, add some sort of markup or profit, and determine what price you would like to offer your product/service at, but this will affect your demand.
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