Prepare a project charter for the Health Coverage Costs BusinessModel project using the project charter template as discussed inthe class.

Assume that the project will take six months to complete andcost about AED 200,000.

Health Coverage Costs Business Model

Develop an application to track employee healthcare expenses andcompany healthcare costs. Healthcare premiums continue to increase,and the company has changed insurance carriers several times in thepast 10 years. This application should allow business modeling ofvarious scenarios as well as tracking and analyzing current andpast employee healthcare expenses and company healthcare costs.This application must be secure and run on the current intranet soseveral managers and analysts can access it and download selecteddata for further analysis. The new application must also importdata from the current systems that track employee expensessubmitted to the company and the company’s costs to the insuranceprovider. You believe that having this data will help you revisepolicies concerning employee contributions to healthcare premiumsand help you negotiate for lower premiums with insurance companies.You estimate that this application would save your company aboutAED 20/employee/year for full-time employees over the next fouryears.