Assignment: Cost Management and Outsourcing

Please see the attached lecture note
Answer the following questions:
What is cost benefit analysis? What are basic areas you need to consider during a cost benefit analysis? As a product owner why is it important to understand cost benefit analysis for a project (please provide any real life experience as appropriate)? What are some of the areas to focus during cost analysis and cost management. – 3 Points
What are the main benefit for outsourcing? As a manager would you outsource daily operational work or project? What methods you will consider based on this weeks reading material and why? – 3 Points

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