Unit Outcomes:
- Relate types of investments for technological environments.
- Identify technical risks within an organization.
- Estimate the required financial investment to appropriately mitigate risks.
Course Outcome:
IT592-1: Analyze effective financial tools for technical environments.
Purpose
The purpose of this assignment is for you to conduct a cost benefit analysis for using blockchain in your eCommerce.
Assignment Instructions
Scenario:
You are the director of IT and security for an ebook retailer. Your CEO has come to you and is not sure if multi-factor authentication (MFA) is worth it. He thinks it would be too costly.
You will conduct the cost benefit analysis for this endeavor. You will have to do research to see what technology is available and applicable.
By answering these questions, you will be able to help your company decide “what” to do.
To begin, note that the following four systems should have MFA:
- The company has its eCommerce system hosted. You can assume it is hosted at Amazon. Your staff manages the eCommerce site.
- The office has an eero router/firewall. Your staff manages the router/firewall.
- Personnel use ADP to log their working time.
- All workstations and laptops are Windows based, and personnel have to log in to their machines.
Do the benefits of MFA on these systems outweigh the costs? Your analysis should include all costs (including personnel). It should also include all benefits. Benefits should be quantified. This is much easier for tangible benefits, but it is important not to ignore intangible benefits. The intangible benefits can be used to supplement your analysis.
Assignment Requirements
You will submit two different items. First, you will create a 2- to 3-page report of your cost benefit analysis, including a summary of your conclusions. Provide as much evidence to support the assertions that you make. Second, for the financial calculations used in your analysis, use Excel® or Google Sheets. Please make sure headings are supplied for cost items in the spreadsheet.