Chapter 12, Problem 6DQ

Explanation of Solution

Factors that are to be considered:

Factor	Developed in-house	Off-the-Shelf software(bought)
Total cost of the software	The cost to develop the system in-house can be difficult to estimate accurately and is frequently higher than the software that has been bought.	The actual cost to implement off-the-shelf software is also difficult to estimate accurately but is likely to be lesser than a customized software package.
Requirements of the software	Software that is developing inside an organization is more likely to satisfy the organization’s needs.	This may not get exactly the desired output.
Process improvement	This software automates the existing business processes even if they are not up to the mark	By adopting a package, the organization can simplify or streamline a poor existing business process...