What are the real costs of using resources?

In relation to your own job and circumstances, how do you plan to ‘make the best use of available resources’?

All resources have costs associated with them – the cost of purchase, the cost of use, the cost of maintenance, the cost of update or replacement, the cost of not using the resource efficiently and effectively. All organizations need to understand that a resource which is not used as it should be is a wasted resource, and as such has associated costs. In Session B we considered cost benefit analysis and so you will understand the type of costs we need to take into account.