COST OF INFORMATION

COST OF INFORMATION

1.           Hardware cost: - 

     This is normally a fixed or onetime cost over a relevant range. In case of computer based information system, with the development in technology – hardware cost are coming down drastically.

2.           System analysis design and implementation cost:- 

     this is also a onetime cost. This function include formulating a methodology for overall electronic data processing procedure. This should include the cost for preparation of programs and purchase of software.

3.           Cost for space and environmental control factors:-

     this cost may vary from time to time. E.g. of this cost are floor space, air-conditioning, power control units, generator, security

4.           Operation Cost:- 

      this is basically a variable cost includes cost of personnel, systems maintenance, supplies and support facilities.