A university is considering expanding its laboratory activity to allow it to undertake commercial work. Due to the precision needed in the pharmaceutical industry, there is the requirement for some new equipment as well accreditation to ISO/IEC 17025:2017. Training costs and consultancy needed would amount to 4500 and accreditation assessment would be likely to be 5800.A dedicated laboratory technician is expected to be needed (salary 22,000). One of the vital pieces of equipment would be a high precision micro balance. Such an instrument would allow very small samples to be weighed accurately. Question 1 (30 marks) a) Consider the likely business case for a project such as this. What would be the key elements within the business case that would have to be considered? b) As part of the initial project planni

ng there would have been the need to consider the stakeholders involved in the project as a whole. Using techniques to analyse the stakeholders, critically analyse the importance of understanding the relevance of stakeholder groups and their interests.

a) Consider the likely business case fo a project such as this. What would b the key elements within the business case that would have to be considered? [15 marks] ) As part of the initial project planning there would have been the need to consider the stakeholders involved ir the project as a whole. Using techniques to analyse the stakeholders, critically analyse the importance of understanding the relevance of stakeholder groups and their interests. [15 marks] jestion 2 (25 marks) a) Carry out an initial investment