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Resources
Our group investigated the cost of the resources and broke the cost down into four sections;
Human Resources, Financial Resources, Material Resources, and Time Resources.
How much are we going to spend on the future design of our Social Calendar APP?
Human Resources includes the team lead and all members of the team. The cost normally includes the salary for each member. In our group, all the member's work is unpaid, so the cost of human resources is zero.
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We need an outsourcing agency for further design, and since our product has multiple social functions, it is an average-size design and requires approximately 300 hours for completion.
The cost to run our app will be approximately $160,000 annually (that includes the maintenance fee and labor fee) according to our data.
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TOTAL BUDGET:
$12,099+$160,000=$172,099
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