Question: suppose your organization is using a legacy software. Some influential stakeholders believe that by upgrading this software your organization can save millions, while others feel

suppose your organization is using a legacy software. Some influential stakeholders believe that by upgrading this software your organization can save millions, while others feel that staying with the legacy software is the safest option, even though itis not meeting the current company needs. The stakeholders supporting the upgrade of the software are further split into two factions: those that support buying the new software and those that support building the new software in-house. Confusion reigns in the meeting room with stakeholders pointing out negative risks for each option. By exploring all possibilities and consequences, you can quantify the decisions and convince stakeholders. This is known as Decision Tree Analysis.In this scenario, you can either:* Build the new software: To build the new software, the associated cost is $500,000.* Buy the new software: To buy the new software, the associated cost is $750,000.* Stay with the legacy software: If the company decides to stay with the legacy software, the associated cost is maintenance and will amount to $100,000.

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