MAC3703
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MAC 3703
Question
Advantages of outsourcing
It frees up time taken by existing staff on the contracted-out activities.
It allows the company to take advantage of specialist expertise and equipment
rather than investing in these facilities itself and underutilising them.
It frees up time spent supporting the contracted-out services by staff not directly
involved, for example supervisory staff, personnel staff.
It may be cheaper once time savings and opportunity costs are taken into
account. √
It is particularly appropriate when an organisation is attempting to expand in
time of uncertainty because it allows the use of facilities on a short-term
(readily-cancelled) basis which would only be otherwise available via relatively
long investments of a permanent employee and the training he or she.
Circumstances appropriate for partnering
If significant input is required from specialist contractors or subcontractors.
If there is a rapid expansion of a program of construction.
If time is a critical factor.
If projects are repetitive and based upon a set standard designs.
If there is a particular construction problem which is best solved by a team of
experts
QUESTION
Briefly explain steps that you would take to implement value analysis
Steps to implement value analysis
Step1. Select a product or service for study.
The product selected should be one which accounts for a high proportion of the
organisation’s costs, since the greatest cost savings should be obtainable from
high cost areas.
Step 2. Obtain and record information
The questions to be asked include: what is the product or service supposed to
do? Does it succeed? Are there alternative ways of making or providing it?
Step 3. Analysing the information and evaluate the service each aspect of the
product or service should now be analysed. Any cost reductions must be
achieved without the loss of use or esteem value.
Step 4. Consider alternatives from the analysis, a variety of options can be
devised. This is the ‘new ideas stage of the study, an alternative option would
mix ideas for eliminating unnecessary part or features or standardising certain
components or features.
Step 5. Selection of the least cost alternative the costs (and other aspects of value)
of each alternative should be compared.
PREPARED BY : MUNYA
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EXAM PACK
Revision PACK
Questions. Answers
, Stuvia.com - The study-notes marketplace
MAC 3703
Question
Advantages of outsourcing
It frees up time taken by existing staff on the contracted-out activities.
It allows the company to take advantage of specialist expertise and equipment
rather than investing in these facilities itself and underutilising them.
It frees up time spent supporting the contracted-out services by staff not directly
involved, for example supervisory staff, personnel staff.
It may be cheaper once time savings and opportunity costs are taken into
account. √
It is particularly appropriate when an organisation is attempting to expand in
time of uncertainty because it allows the use of facilities on a short-term
(readily-cancelled) basis which would only be otherwise available via relatively
long investments of a permanent employee and the training he or she.
Circumstances appropriate for partnering
If significant input is required from specialist contractors or subcontractors.
If there is a rapid expansion of a program of construction.
If time is a critical factor.
If projects are repetitive and based upon a set standard designs.
If there is a particular construction problem which is best solved by a team of
experts
QUESTION
Briefly explain steps that you would take to implement value analysis
Steps to implement value analysis
Step1. Select a product or service for study.
The product selected should be one which accounts for a high proportion of the
organisation’s costs, since the greatest cost savings should be obtainable from
high cost areas.
Step 2. Obtain and record information
The questions to be asked include: what is the product or service supposed to
do? Does it succeed? Are there alternative ways of making or providing it?
Step 3. Analysing the information and evaluate the service each aspect of the
product or service should now be analysed. Any cost reductions must be
achieved without the loss of use or esteem value.
Step 4. Consider alternatives from the analysis, a variety of options can be
devised. This is the ‘new ideas stage of the study, an alternative option would
mix ideas for eliminating unnecessary part or features or standardising certain
components or features.
Step 5. Selection of the least cost alternative the costs (and other aspects of value)
of each alternative should be compared.
PREPARED BY : MUNYA
Downloaded by: LuthandoPetros |
Distribution of this document is illegal
