As stated earlier, the project will require approximately $50 million for completion. The following is a breakdown of the requirements; Legal requirements will cost 2.5 million. The project will involve a number of insurers, hospitals, physicians, government representatives and IT professionals; therefore, the project budget should meet all their legal interests. Additionally, instatement of the project will require legal checks and confirmations. Payments to staff will cost $12.5 million. The remaining $35 million will finance EHR implementation. Software licences will account for $1.05 million of the budget. The system build will depend on the vendors, but it may costs approximately $13.3 million. The implementation process will require interfaces for converting previous systems to new systems. The interfaces will cost $2.1 million. Data conversion, which involves abstracting and inputting the EHR to include patient visits and other details, will cost $2.45 million. The EHR project will require a series of equipment such as furniture, printers, workstations, network and communications equipment, server hardware, and PC equipment. All these materials will cost approximately $ 2.1 million. For the system to work physicians will require support through income support (as they will not be earning money when implementing the EHR) as well through technical support such as additional staff; this will account for $ 1.05 million. Once the system goes live, project managers ought to prepare physicians through end user training. Trainers, facilities and materials for this aspect will cost $ 3.85 million. After the system has gone live, participating hospitals will record dwindling income in the first few months. They will need compensation through a revenue protection provision in the budget that will amount to $ 6.3 million. Lastly, the system should be protected from possible disasters or unexpected delays through a contingency amount of 2.8 Million (Tonnesen et al., 1999). Shown is a summary of this budget in tabular form Expenditure                                                    Amount in dollars Legal fees                                                     2.5 million       Staff and overhead                                             12.5 million      System build                                                   13.3 million      Interfaces                                                     2.1 million       Data conversion                                                2.45 million      Workstation, PCs, printers, furniture, network infrastructure  2.1 million       Physician advisory resources                                   1.05 million      Revenue protection                                             6.23 million      End user training and support in the go-live phase             3.85 million      Contingency                                                    2.8 million       Software licences                                              1.05 million      Total                                                          50 Million         Time horizon This project will last for a period of 4 years. The needs analysis phase will last for 8 months. Choosing the right project goals and participants should take up ample time (Newell & Gary, 2009