Jane struggles to get to work on time because of heavy traffic and constant construction on her typical routes. Luckily, a new smartphone has just been released and includes an app called time, which is a new type of adaptive GPS application that guarantees to get anyone to any location on time. The app does this using the traveler’s schedule, regional weather patterns, and personal driving habits.

This new phone is $2,050.00, which is a very steep price that Jane may not be able to afford. Jane can also download the miTime app on a less expensive phone, but the app isn’t guaranteed to be as efficient. Another option would be to keep the phone she currently has, but she won’t be able to download the miTime app because her current phone is too old.

Once again, here are Jane’s options:

Spend $2,050.00 on the new smartphone that includes the miTime app

Download time on a newer, but less expensive phone

Keep her current phone and not purchase/use in miTime

Create a cost/benefit analysis based on Jane’s three options. From your cost/benefit analysis, provide in detail the risks associated with each option. Select the option that’s best for Jane.

Options	First Payment	Month 1	Month 2	Month 3	Month 4
Buy New Phone ($2050)
Buy Less Expensive Phone ($400)
Keep Current Phone ($0)

Part II - You are now Jane. You attempt the initial recommendation from Part 1. However, circumstances have made it impossible for you to implement this option. From the Cost Benefits Analysis completed in Part 1, write an essay that provides the risks associated with each of the two remaining options. Next, select one as your contingency and provide a detailed explanation for your decision. Support your selection.

Answer rating: 100% (QA)

Part I Create a cost benefit analysis based on Janes three options From your cost benefit analysis provide in detail the risks associated with each option Select the option thats best for Jane Options ... View the full answer