1. Indicate the correct order for undertaking a cost-benefit analysis.

Table 4 Ordering

Steps	Order
Calculate costs and benefits across the assumed life of a project or initiative
Compare cost and benefits using aggregate information
Establish a framework to outline the parameters of the analysis
Analyse results and make an informed, final recommendation.
Identify costs and benefits so they can be categorized by type, and intent, such as non-recurring costs and recurring costs

1. What are the requirements for preparing a budget?

Refer to the Budgeting PolicyinFNS40217 Organisational Policies and Procedures[A1]

Table 5 Multiple choice

Requirements for preparing a budget
The Chief Financial Officer (CFO) is responsible for overseeing and ratifying the budget
All departmental managers are expected to cooperate in the budget preparation process
All staff involved in the budget process are to review the strategic plan and mission statement.
Prior to the start of the budget the Chief Financial Officer and all department managers with budget responsibilities will meet and develop operational goals relevant to the annual budget.
The WHS Officer will issue a budget timetable identifying key dates
All budgets prepared and submitted must be based on realistic assumptions and the projections should be as realistic as possible
The marketing manager is responsible for monitoring the organisation's expenditure, reviewing the actual and budgeted expenditures, and reporting on the progress of such expenditure
Significant performance and/or financial variances are to be reported monthly in the report to the executive management and Board.
Key personnel should be engaged to perform risks analysis on budget line items.
Staff should have a clear understanding of the long-term goals of the business and how these goals will be achieved.

1. For each of the layers of cost-benefit analysis, match the cost.

Table 6 Matching

Cost	Answer	Layer of cost-benefit analysis
Costs from selected cloud providers		Set-up cost
Technical support		Transition cost
Upgrading the business data plan from their telco		Ongoing cost
Cloud services fixed fee
Software
Staff time
Cloud services dynamic
External consultant project manager
Data costs
Synchronised costs
New ancillary costs
Systems integration

1. What are the business protocols for specialist advisors? Refer to the Cloud computing and outsourcing policy inFNS40217 Organisational Policies and Procedures.[A2]

Table 7 Multiple choice

Answer choices	Select the correct answer/s
Specialists must be accountants or financial advisors
Selection of specialist advisors will need approval from relevant management undertaking the evaluation and IT representative
It is recommended that proper research be undertaken before selection of specialist to ensure their authenticity, validity and currency
Specialist's qualifications are appropriate and relevant when giving advice on cloud computing solutions

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