Valley of the Sun Academy (VSA) annually reviews each of the faculty to ensure they are providing the highest possible education to their students. They recently decided to look at the process of doing these reviews. VSA wanted to see if it was better to keep the process with an external company, or to bring it in house, and have peer faculty performances done. This proposal will review each option and what is the recommended choice for VSA.
For this proposal review we are reviewing a decision tree. It includes all possible outcomes and alternatives associated with this decision along with the expected monetary value for each decision. This will be the easiest and clearest way to look at the available options and recommend a decision based from it.
There were several different factors to consider when making this decision. One factor to …show more content…
TeachBest Consulting charges VSA a contract fee of $2,500 per year plus $75 for each review they do for student enrollment for under 1,000 totaling $7,375 per year. When student enrollment increases to over 1,000 the new contract fee will be $5,000 plus the $75 for each review they do totaling $10,625 per year. VSA is still responsible for reviewing all results and distributing to faculty members. Occasionally, VSA finds mistakes in the data and TeachBest Consulting will have to redo the evaluation. This happens approximately five percent of the time and costs an additional $50 per review.
The first option VSA is considering is to have TeachBest Consulting train them on what they do. One problem with this is that you cannot guarantee the quality of training you are getting from them since they will be losing their contract and revenue. There will be a one-time fee of $500 for this training. The total cost for the first year with this option for under 1,000 students will be $10,970. For over 1,000 students it would cost
For this proposal review we are reviewing a decision tree. It includes all possible outcomes and alternatives associated with this decision along with the expected monetary value for each decision. This will be the easiest and clearest way to look at the available options and recommend a decision based from it.
There were several different factors to consider when making this decision. One factor to …show more content…
TeachBest Consulting charges VSA a contract fee of $2,500 per year plus $75 for each review they do for student enrollment for under 1,000 totaling $7,375 per year. When student enrollment increases to over 1,000 the new contract fee will be $5,000 plus the $75 for each review they do totaling $10,625 per year. VSA is still responsible for reviewing all results and distributing to faculty members. Occasionally, VSA finds mistakes in the data and TeachBest Consulting will have to redo the evaluation. This happens approximately five percent of the time and costs an additional $50 per review.
The first option VSA is considering is to have TeachBest Consulting train them on what they do. One problem with this is that you cannot guarantee the quality of training you are getting from them since they will be losing their contract and revenue. There will be a one-time fee of $500 for this training. The total cost for the first year with this option for under 1,000 students will be $10,970. For over 1,000 students it would cost