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 for all public procurement professionals
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.