EMMS Risk/Return Analysis.pdf

- Project: Enterprise Media Management System (EMMS) for The Exploration Network, Inc.
- Purpose: Integrate existing Digital Media Management Systems (DMMS) and build new ones to create an integrated, collaborative media asset management system.
- Benefits:
- Improved media asset management and information
- Reduced costs: IT management, data entry, and producer costs
- Better control, reporting, and management
- Investment: Approximately $3.1 million, with costs distributed as 50% hardware, 14% software licenses, and 36% labor from ISS and user departments.
- Key Risks:
- Constrained utilization due to technical or acceptance factors
- Cancellation prior to completion due to various possible causes
- Risk/Return Analysis: Risks are deemed acceptable given the expected return.
- Recommendations:
1. Proceed with the EMMS investment, developing a plan to maximize utilization.
2. Follow specific scope control criteria.
3. Gather data on promotion time available for various programs.
4. Implement other detailed recommendations from Section 5.
- Value of Information: The analysis reduced uncertainty and identified steps to improve the investment's value, with a conservative information value of at least $2,100,000, and a cost of analysis less than 2.2% of the total investment size with a 31:1 payback.