Case study Essay Example | Topics and Well Written Essays - 1250 words

Case study - Essay Example Having a reliable cost estimate in place for the Worplestrop company would be important for the management to make decisions concerning the use of the company cash and ensuring that the software development and of cost data in information systems is implemented as planned. Therefore this kind of preliminary cost analysis is important in areas where there are scarce funds. Having a rough estimate on the cost of a project is important factor in ensuring the success of the project. Preparing a budget estimate at the early stages of the cost accounting software implementation brings together the previous cost data and the skills of estimation coupled with relevant project experience (Fonnow 2006). Budget Control Methods and System Cost Cost estimation on project implementation is never an exact science. Therefore, Worplestrop’s management need to put their effort towards affordable cost estimates projects that lie within the company budget. In order for the company to work within their budget calls for the use of consistent and comprehensive methodology (Gilbert 2011). However, even with the use of such methodology more concern should be given to the project to ensure the quality of the cost estimate. This cost estimate was therefore prepared through a thorough research and comparison with similar projects in other companies that have been done before and needed my professional judgment in its quality. This report further takes into account the coordination that is between the information systems planning cost estimates, the systems design cost estimate and the universal specifications that shall be used in the real construction of this information system. The estimate of this information system is being valued at $ 0.5 million plus the of implementation and training. The cocomo mode of software pricing is recommendable in finding the real cost of such a software implementation. Other Available Systems The use of the information management system would provi de an added advantage to Worplestrop Company over her competitors. However, the partners need to be aware that there are other systems in the market that can be used in place of the Costing information system if the providers do not accept to deliver the software within the company budget. This company is structured along the functional lines and therefore any system that is put in place must be able to support the company goals. Other systems are identified in the following section: Financial Management Information Systems This system can be used in the organization by the financial managers and gives an analysis of the past and the present financial activities of the company. Moreover, the future financial obligations of the organization are given by this software and has control over the use of the organization funds over time. Manufacturing Management Information System Presently the operations of any business has been affected by the changes in technology and therefore Worplest rop is no exception. The manufacturing operations in any company ought to change due to this dynamic factor. Inventories are provided to avoid use of large sums of money for warehousing in big inventories. Thus this kind of system would be important in managing in such scenarios. With this system there is no need for warehousing. Marketing Management Inf