Assignment: Cost/Price Analysis
Whenever a major change is recommended for an existing process, you will likely be asked what the change(s) will cost to implement and what benefit the company will receive from that implementation. This assignment will give insight in how to prepare to answer those questions.
For example, changes require the users of those processes be trained on how their tasks differ under the new approach. Therefore, training needs to be one of the costs of implementation. As for benefits, has your process change resulted in less time to perform tasks? If so, the reduced time would be a benefit from the implementation.
To complete this assignment:
1. Identify all the potential costs associated with implementation of your recommended alternative. Your team will need to make some assumptions because actual costs will likely be unknown.
2. Calculate the resultant benefits associated with implementation of your recommended alternative. As with Step 1, your team will need to make some assumptions because actual costs will likely be unknown.
Change F-35 to a drone or remote control
• Cost Price analysis-($6.6B budget) (Excel sheet)
o Simulator system purchase
o Radio signal system purchase
o Drone program purchase
o Drone control system purchase
o Changing f-35 to drone or remote
o Cost of changing f-35 fuselage
o Cost of research and development
o Cost for equipment replacement (fuel, parts, wires, technology)
o Cost of testing (fuel, equipment, parts)
o Purchase of remote control system
o Price comparison of different systems
o Cost for employee (pilot, scientist, computer scientist, researcher, security)
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.