When working with end users and stakeholders, the ability to synthesize and incorporate various financial data in support of the most competent decisions is a powerful tool for the public procurement professional. By evaluating cost and price data, procurement professionals can better justify expenditures based on the public need.
Objectives
By the end of this course, students will be able to:
- Evaluate cost and price data to determine total cost of ownership to an entity.
- Compare the price of a commodity against the benefit to be derived by the entity to determine whether the expenditure is justifiable.