Part 1: Answer the module review questions listed below. These questions were ch

Part 1: Answer the module review questions listed below. These questions were chosen to demonstrate your understanding and help you assess your progress.Part 2: Using the below elements of TCO create two scenarios; the first where the TCO is in favor of in-house development; and the second scenario where TCO is in favor of a software acquisition through a vendor.Respond to the discussion topic below:Defined and documented functional requirements are a part of the bid process. Discuss why this would be beneficial in the selection of an ERP system even if a bid is not required. Justify your answer.