System Analysis of OlpoKaj - A Local Micro Jobs Platform
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OlpoKaj is a system that can be used to hire people to perform short term task provided by the hirer. This is also be a good platform for freelance worker to find jobs they prefer or service they provide. Hirer can post a job where freelance worker can apply or bid for the best price and there will also be a showcase for freelance workers where they can showcase their work and services they provide.
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System Analysis of OlpoKaj - A Local Micro Jobs Platform
- 1. OlpoKaj A Platform for Local Micro Jobs OlpoKaj Team Members: * Arman Hossain * Shahinur Shamshad CSE 11th Batch, SMUCT, Dhaka Supervisor: Tasnim Niger, Lecturer, Dept. of CSE, SMUCT, Dhaka System Analysis of
- 2. OlpoKaj WhyOlpoKaj? An in depth view of the platform. Major objectives • People can hire people to perform short term tasks. • Freelance worker can find jobs. • Employer can post jobs. • Freelancers can showcase their skills. • Review / Rating of both Employer & Freelancer. 2
- 3. OlpoKaj TechnologiesUsed The building blocks of the platform. 3 • HTML / CSS / JavaScript • PHP • MySQL • Python / Machine Learning • Android / Java
- 9. OlpoKaj FeasibilityAnalysisof OlpoKaj Is this even possible? Competition Who are our competitors? Market Feasibility Do we stand a chance? Yes, We do! Do public show interest on this? Yes, they do! Is it free of scepticism? No, it doesn’t! 9
- 10. OlpoKaj FeasibilityAnalysisof OlpoKaj Is this even possible? Site Analysis • University and College students are willing to work. • We have a good ground in Uttara due to our personal contacts. • This area has a good transportation system within. • We can reach both employer & freelancer quickly. • Initial marketing cost will be significantly low. Product & Services • It is an online service. • No physical goods will be sold. 10
- 11. OlpoKaj FeasibilityAnalysisof OlpoKaj Is this even possible? Capacity Utilization • Advanced Algorithms to Boost Performance • Practical use of Artificial Intelligence to Optimize Platform. Financial Analysis • Very low initial investment required 11
- 12. OlpoKaj Cost&BenefitsofOlpoKaj 12 Type Cost Benefit Tangible Day to day expense of keeping our system running. Web-site, Hosting, Server costing. Employee salary. Commission from successful job / offer accepted. Promotional sales. Merchandise sales. Intangible Promoting our platform people to people. Satisfaction of our users. Trust of users. People relying on our platform. Direct SMS charge. Money transfer cost. Marketing expense. Sub-project incomes Seasonal sales. Indirect Office expense Hospitality expense People talking about our platform. People praising our platform. Press release of the platform. Fixed Employee salary Office rent Interest from security deposit. Sales revenue from platform. Variable Utility costs Electricity bills Cleaning cost Seasonal bonus promotion. Increased sales due to promotion.
- 13. OlpoKaj Cost&BenefitsofOlpoKaj 13 Net Benefit Analysis Q1 Q2 Q3 Q4 Outflow 400,000 600,000 400,000 600,000 Inflow 250,000 410,000 850,000 1,300,000 Net Benefit -150,000 -190,000 450,000 700,000 Net Present Value Cash Inflow Discount Rate Present Value Q1 250,000 0.973 243250 Q2 410,000 0.9393 385113 Q3 850,000 0.8934 759390 Q4 1,300,000 0.8485 1103050 Total 2490803 Initial Investmet : 1,400,000 NPV = 2,490,803 - 1,400,000 1090803 Present Value Analysis Future Price Discount Rate Present Value Q1 1200 0.973 1167.6 Q2 1200 0.9393 1127.16 Q3 1200 0.8934 1072.08 Q4 1200 0.8485 1018.2 Payback Analysis Payback Period = 2+(1,400,000-400,000)/850,000 = 3.17647 Quarter = 9 Month, 15 Days
- 14. OlpoKaj Cost&BenefitEvaluationof OlpoKaj 14 Break-Even Analysis Units Sold Sales Revenues Variable Costs Fixed Costs Operating Profit 0 0 0 1,400,000 -1,400,000 5833 466,667 116,667 1,400,000 -1,050,000 11666 933,333 233,333 1,400,000 -700,000 17500 1,400,000 350,000 1,400,000 -350,000 23333 1,866,667 466,667 1,400,000 0 29166 2,333,333 583,333 1,400,000 350,000 35000 2,800,000 700,000 1,400,000 700,000 40833 3,266,667 816,667 1,400,000 1,050,000 46666 3,733,333 933,333 1,400,000 1,400,000 52500 4,200,000 1,050,000 1,400,000 1,750,000 Fixed Cost: 1,400,000 Unit Price: 80 Variable Cost: 20
- 15. OlpoKaj Cost&BenefitsofOlpoKaj 15 Cash-Flow Analysis Cash Inflow Q1 Q2 Q3 Q4 Initial 1,400,000 Sales 250,000 410,000 850,000 1,300,000 Total 1,650,000 410,000 850,000 1,300,000 Cash Outflow Salary 140,000 140,000 140,000 140,000 Marketing 160,000 360,000 160,000 360,000 Utility 20,000 20,000 20,000 20,000 Maintanance 40,000 40,000 40,000 40,000 Rent 40,000 40,000 40,000 40,000 Total 400,000 600,000 400,000 600,000 Net Cashflow 1,250,000 -190,000 450,000 700,000 Cumulative 1,250,000 1,060,000 1,510,000 2,210,000
- 30. OlpoKaj 30 Thank You Portfolio: https://arman-bd.github.io