Cost Breakdown Analysis

This post aims to provide a vague cost analysis for the development of the app. The costs of running the app are predicted to be low. The largest resource allocation is spent on app development. A small segment of the money is spent on finding inventors such as local funeral businesses to fund the app. Travelling expenses are variable for each meeting. This figure could range from local areas £ 30 to distant locations £150 . Our service will be offered initially England wide, depending on its success further expansion will be initiated to provide the service UK wide.

The Story of Us is an open-source project allowing costs to be kept to a minimum. Furthermore, allowing our app to competitive on the market. It is expected that the initial test stages which would not take longer than a month. The development of the app will cost no more than £4000,  including the salary of software developers and office rental. We expect that through extensive testing issues and errors of the program will be minimized that make it to the installation stage. Once the development phase has concluded it is expected that running costs will drop significantly. Investors such as local funeral homes are funding the app in exchange for free advertisements on the platform. Running costs should be covered through investors, charities and donations. We hope that hospitals, (bereavement-) charities promote the app through information leaflets.

Written by Naida Balafkan

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