the total cost of ownership aspectsOrder Description
Instructions:
The selection panel (formed in assessment A1W4) has selected a preferred vendor, however before the contract is awarded the hospital executive have requested an
indicative budget for the project to ensure that the selected product can be successfully implemented.There are two parts to this assessment.1. Mind MapPrepare a mind map that:1- States what the scope of total cost of ownership covers.
2- Document 5 main cost elements that should be budgeted for.
3- Provides 2 potential negative effects of not correctly calculating what the total cost of ownership is.
For each cost element and potential negative it is not enough to simply state the cost / potential negative, e.g. Capital Costs, that needs to be qualified with
detail. As a mind map that can be a series of sub-points that explain what is meant by Capital Costs and by using more than one word in the main point. The example
used in A2W7 is still relevant.2. Written SummaryIn addition provide a written description (of between 600 and 800 words) that succinctly explains the reasoning behind your mind map, ensuring that appropriate
referencing standards are followed.All work must be referenced. Please ensure you use credible sources of information dated within the last 5 years.
Ensure you have an introduction, body and conclusion.