BSBSUS401 Implement and Monitor Environmentally Sustainable Work Practices - Project
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This project requires investigation of an eco-friendly product or service and answering the questions provided. Read the project scope, apply the purchasing analysis steps, determine the payback period of the product or service and answer all the questions.
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BSBSUS401 IMPLEMENT AND MONITOR ENVIRONMENTALLY SUSTAINABLE WORK PRACTICES– Project Project scope analysis Task 1 Apply the purchasing analysis steps to investigate the purchase of an eco-friendly product or service within your workplace or training environment. Examples include office equipment, software, heating and cooling systems, cleaning services, waste minimisation and disposal systems, and water or energy management systems. Determine the payback period of the product or service. Answer all the questions. Q1:List the details of the product or service you have chosen to investigate for this assessment task. The discussion is based on heating product. There are different heating and cooling product used in our homes. In order to answer the question I have analysed the black stove pipe product. Basically the black stove pipe products help in eliminating the smoke from the stove. The product has been equipped with current technology thus it’s unable to give out fumes as like in other ordinary stoves. There is a gap that enables the fitting of the pipes in the stove. The price of the product is affordable and it’s available in almost all hardware houses in the country. Fig 1.black stove pipe(Testa et al.2016). 2016 Edition2
BSBSUS401 IMPLEMENT AND MONITOR ENVIRONMENTALLY SUSTAINABLE WORK PRACTICES– Project Q2:When calculating the full cost and savings of your purchase, what should you consider? There are different factors to consider; 1. Checking the statements of the purchase. 2. Calculating the onetime costs and ongoing cost for the purchase. Q3:What is the ‘payback period’? Explain what it means. Payback period refers to the initialoutlay over the cash inflows of the product(Testa, Annunziata,Iraldo & Frey,2016).Generally, the payback period will assist in determining the required length of time that will assist in recovering the cash outlay in the product. Therefore, in simple words the payback period describes the time required to earn back the cost that is incurred in the investments by use of the successive cash inflows. In general the formula for the payback period is Payback period =initial outlay of the product /cash inflows. Q4:Calculate the payback period for the product or service you have investigated. The initial price of black stove pipe is $ 40,000, the company indents to generate cash inflows of $ 10,000 per year. What is the payback period of the product? Payback period =initial outlay/cash inflow =$40,000/$10, 0000 =4 years 2016 Edition4
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BSBSUS401 IMPLEMENT AND MONITOR ENVIRONMENTALLY SUSTAINABLE WORK PRACTICES– Project Q7:List three websites, government departments or other sources you can access for help and information on sustainable purchasing. 1. Tracking and reporting software’s. 2. Marketing search engines such as Google. 3. Business procurement purchase departments in government. 2016 Edition6
BSBSUS401 IMPLEMENT AND MONITOR ENVIRONMENTALLY SUSTAINABLE WORK PRACTICES– Project Assessor checklist To be completed by the assessor. Learner’s name: Did the learner successfully demonstrate evidence of their ability to do the following? Assessor comments Completed YesNo Investigated the purchase of an eco- friendly product or service. Responded to all questions. 2016 Edition8