Managing Risk/Cost

* Expected Cost = P(S)*C(S) + P(F)*C(F)
P(S): probability of success
C(S): cost of success
P(F): probability of failure
C(F): cost of failure
* cost of ownership >> cost of purchase
(maintenance, distribution, training)
* Need an exit strategy
* Need to manage risk

Important Slide!

Internet Medical Records - Clinical
IMR Glossary Last revised: 16 Mar 2002
© 1998
John Faughnan.