Cost Savings vs Cost Avoidance : The Difference Explained and Value Derived
Unplanned costs can have a negative impact on the bottom line of a project. In today’s environment, Obsolescence can eat up management reserves and cause schedule delays if a proactive Obsolescence Management Plan is not followed. Cost Avoidance calculates the unplanned costs that would have occurred had a proactive Obsolescence Management Program not been in place. Calculating Cost Avoidance helps to justify the resources and tools used in the Obsolescence Management Program.
Join SiliconExpert’s Senior Product Manager, Vern Densler, and Industry Consultant, George Karalias for an informative dialogue around the differences and derived values of cost savings vs cost avoidance.