Information Technology Systems at Airports--A Primer (2012) / Chapter Skim
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Pages 49-54
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Table 5-1 gives examples of both financial and nonfinancial benefits to look for. Clearly, the easier path to funding a project is to establish that the financial value outweighs the capital costs.
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5.3 Determining Total Lifecycle Costs A key factor in deciding to invest in a new system is the cost. Capital costs (one-time costs)
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The costs of airport personnel to execute the project. A one-time expense, project labor costs do not include vendor implementation labor, but they do include airport IT department and stakeholder labor and the following types of work: – Project management – Design and requirements definition – Procurement – Data cleansing and entry – Test plan review Evaluating IT Investments -- A Common Decision Tool 51 Figure 5-1.
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, presenting them as a lump sum, and subtracting net capital costs. If the result is still positive, the project is worth doing.
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• Line 12 -- Break-Even Point. The fastest and easiest calculation to do, the break-even point determines the point in time that total savings resulting from the system benefits surpass the costs of implementing the system.
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54 Information Technology Systems at Airports–A Primer Figure 5-2. System valuation scoring sheet.
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