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This area of the Lessons Learned repository will include:
Evidence or Observation Made
The team identified a need to more clearly assess and express the relative costs of possible product solutions and to weigh these against the strengths and benefits of each offering before a purchase decision is made.
Provide clear comparative analysis of the ROI against benefits of each evaluated solution to facilitate informed decision-making by the appointed Project/Programme or Executive Board.
Not all stakeholders were clear that the product selection represented best value in the longer term.
Adopt a lifetime costing approach in evaluation of costs for each possible option identified by the project to strengthen assessment of lifetime value and to ensure that the product and option chosen is sustainable over its whole lifetime. Talk to you Management Accountant for information on lifetime costing