Identifying and Estimating Costs

What's the Opportunity Cost? 

Cost of not undertaking an initiative. Largest and most significant costs associated with Electronic Commerce (EC). 

Examples; Customers never obtained, sales not made, suppliers not identified and cost reductions not achieved. 

Web site costs? Total dollar amounts required to create and maintain the web site. This can vary over the years. What are the proportions of costs which remain stable. 

Decisions to be made when setting up your website need to be made based on features, reliability, scalability, security, backup and recovery and cost. 

Initial costs or ongoing for setup, maintenance and operation. Is there a backup solution that comes with the website. What's the guaranteed uptime percentage, guaranteed speed? What bandwidth will the website require to operate and function. How easy is it to expand the bandwidth, disk space and install different software etc. 

Funding Online Business Startups. 

Venture capitalists are very wealth individuals or investment firms. Which look for small companies which are about to grow rapidly. Businesses with the hope for rapid growth and initial public offering invest. 

What's the Initial public Offering? 

System of financing startup and initial growth of online businesses. Benefits access to large amounts of capital early. 

Comparing Benefits to Costs (Assessment) - Identify the Benefits > Determine the benefits then compare the value of the benefits to total costs. 

Internal Development vs. Outsourcing... 

Initiative's success dependency - How well initative integrates into and supports business activities.

Internal people leading projects ensures - The company's specific needs are addressed and congruent with organisation goals and culture.
Outside consultants - Seldom able to learn enough about organisation's culture to accomplish objectives. 

The Internal team - First step in outsourcing decision-making is to create internal team. The internal team has a project lead which is a person with business knowledge; creativity; respect of firm's operating function managers, good sense of goals and culture etc. A bade choice would be someone who is a technical wiz but lacks the above mentioned qualities. 

Early Outsourcing - Company outsources initial site design and development to launch the project quickly. Outsourcing team trains company's information systems professionals before handing site operation to them. Company's own IFS employees work closely with the outsourcing company. 

20 August 2012 - Running, the truth

So my Monday morning run didn't end up coming true. I got roped into the whole youth idea that everybody should sleep in - So I slept the day away until 7am! Yes, that's late for me, normally I prefer 6am.

Well, I got out there for a run in the afternoon and headed for my local route around the river. The route has some nice flats and hills, goes under plenty of trees for shade and is at just the right distance from home.

I headed out slow, at least I thought I did, until the light turned red to cross so I sprinted to catch the little flashing green man.

Well, that aside I finished the run in 52.41 covering a distance of 8.87km ~ 400m or so behind my Garmin Virtual Partner.

Follow my route here.

Running, cycling and more running

Well, I've now almost fully recovered from my second dose of the winter flu. The second time it hit was just a few days after the Townsville Half-Marathon which is ran by the Townsville Road Runners club.

I've now headed out for a run and cycle and been to the gym this last week and hope to start a full week of training from Monday.

I don't know how successful I will be, but I would like to have the following schedule this week and monitor my progress with my Garmin.

• Monday -  Run at 5.30am for 10km until approximately 6.30am.  Gym in the afternoon for an hour to help tone and strengthen core muscles.
• Tuesday - Cycle 4.30am for 40km at an average of 30km focusing on a constant steady cadence. Followed by a Gym session Tuesday afternoon.
• Wednesday - Run at 5.30am for 10km until approximately 6.30am on a difference course to Monday. Gym in the afternoon focusing on shoulders and rowing muscles to help core muscles build up endurance.
• Thursday - Sleep in and attend Uni at 9am. Gym session in the afternoon with short 3km run average 10-12km on treadmill with varying gradients, followed by a 15 minutes session on stationary bike with power output of 180-200, level 5-6. 
• Friday - Sleep in and attend Uni at 9am. Finish IT jobs and attend gym at 2pm for 2 hour session focusing on cardio exercises for first hour.
• Saturday - Sleep in after a big night at youth and head to gym in the afternoon for a brief one hour session.
• Sunday - Head out for 20-25km of riding at 30km/h than meet the Sunday ride guys at McDonald's and head out on a chosen route. After attending church have a relaxed afternoon until 3pm and head to gym for a 3km run and some strength building exercises focusing on legs and core.

Yeap, it's me competing at Adventurethon!