Reference no: EM133234383
Cloud computing report
The CEO Bob has requested that you (Jin) produce a report on the introduction of cloud computing for Riskco.
Your report must include the following items:
- Summary of current situation
- Cost benefit analysis
- Risk analysis
- Relevant compliance issues
- Training and support plan to implement cloud computing
- Summary of two suitable cloud-based software applications (one accounting)
- Recommendations
Cost benefit analysis
You are required to include a cost benefit analysis of the cloud-based system as opposed to the non cloud-based system for a five-year period. Some costs and benefits can be intangible as well as tangible. Bob has mentioned that you are not required to assign a detailed monetary value to the analysis. Raza will be producing detailed cost data in a months' time. You are however required to briefly discuss the major costs and benefits relating to implementing a cloud computing system. Bob has provided you with some basic cost/benefit financial information. The present value of the productivity savings for five years will be $250,000. The present value of other savings is estimated to be $150,000 over a five-year period. The present value of the total cost of the project is estimated to be $120,000 (including initial outlay and ongoing costs). You can include this basic cost/benefit data in your cost benefit analysis.
Risks
Your report must contain information on potential risks relating to introducing cloud-based technology. Your report can also include risks facing the business if they do not adopt the cloud-based technology.
Implementation plan
Your report must include at least five steps you will take to implement cloud computing. You may use the below template to complete your implementation plan.
Compliance issues
You are required to include details of how the cloud technology such as cloud-based accounting software can
enhance the company's compliance with Australian legislation. Other relevant Australian based legislation must also be discussed.
Training and support plan
Your report must contain details of how the staff can be assisted in the introduction of the new technology. You may use the below template as a guide to produce your training and support plan:
Recommendations
In the report you must give an opinion on why the cloud-based proposal should go ahead.
You must also recommend a minimum of two different suitable cloud-based software that the company can use. This includes details of one suitable cloud-based accounting software that Riskco can use.
Your report should be fully referenced and be a minimum of 500 words. It must contain a summary, as well as all the items of discussion listed in the assessment, along with a conclusion.