Total Cost Analysis for Best Value Decisions

Non Accredited

   Contact Hours 8

Objectives and Intended Outcomes

Upon successful completion of this course participants will be able to:

  • Analyze and identify cost components of various types of purchases.
  • Understand the different types of cost models and when to use them.
  • Employ tools and techniques for cost optimization.
  • Determine techniques that support best value decisions.

Intended Audience

Intended for all public procurement professionals

Description

Knowing the difference between acquisition cost and total cost can make a difference to the final analysis of any acquisition. Cost modeling can drive optimization and help prevent post contract financial overruns. In this course, students will learn how to reduce purchasing costs without sacrificing quality or effectiveness.

Course Outline

  • The art and science of negotiations in public procurement
  • Total cost analysis in depth
  • Removing costs vs. reducing costs and how to drive cost optimization
  • How to influence public procurement evaluation committees, elected officials, executive management, and your customers to recognize and support best value decision making models
  • Case study and report out
  • Call to action
NIGP Face to Face Classroom Courses

Face-to-Face

Key 7
Back to Top