What you need to know about Financial Management
Butler and his team are particularly excited about the potential of one of the options proposed by a particular supplier. To help Butler prepare for the meeting with the senior leadership team, prepare a report that calculates and explains the following:
Use both the TLC and WLC estimation methods to create what you estimate to be the microcosts in the evaluation of the supplier proposal.
Aggregate those microcosts into the generic macrolevel stages of ownership.
To head off potential questions in the meeting, go ahead and explain why we did not include the LLC estimation method into this evaluation process.