Task:You have been contracted by a company to develop an information system for $50,000. During this assignment, you will undertake a thorough systems analysis and design on the proposed system. The business that you design the information system for is of your own choosing. Preferably develop a system for an area that you are interested in, have had prior experience, or perhaps for a company you work for. You cannot design the system for the same company that another student has chosen, nor can you reproduce a design for an existing well-known company. The information system you chose should be of small to medium size/complexity.You are required to deliver the following specifications before the project can commence:1.Identify the Problem – Provide a system vision document that outlines the problem description, system capabilities, and the expected business benefits (minimum 300 words).2.Quantify Project Approval Factors – Complete the following tasks (minimum 500 words):a.Provide a table with a breakdown of the estimated time for project completion using excel or a similar program. b.Provide a table with a summary of the development costs for the project and system using excel or a similar program (use Australian dollars).c.Provide a table with a summary of the estimated annual operating costs using excel or a similar program (use Australian dollars).d.Undertake a cost/benefit analysis:
i.Describe the anticipated benefits from the deployment of the new system (outline tangible and intangible benefits).ii.Provide a table with a summary of estimated annual benefits.
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