Avoided costs, opportunity costs, and cost savings, can all play an important role in business planning, budgeting and decision support. Avoided Costs? Opportunity Costs? A routine oil change is a familiar example of cost avoidance. Small investments in preventative maintenance avoid the much larger cost of engine replacement later. I spoke recently with a project manager whose project funding proposal had just failed. The Project Management Office—and the company CFO in particular—turned thumbs down on the manager's Stage-0 business case. Why? Where was the red flag? Avoided costs! Read more of this post Marty Schmidt | 2019-06-13 at 05:53 | URL: https://www.business-case-analysis.com/blog/?p=7290 |