Project Identification & Cost Benefit Analysis
Overview:
Effective scoping and selection projects can truly result in the success or failure following project delivery. McLaw have proven models and tools to aid in the effective selection of projects from the outset.
Generating a clear cost benefit from the outset will save you time and money and assist you in selecting the right project every time. Historically organizations spend millions upon millions of €’s on projects that do not address the underlying problems. By using a logical approach to project selection this risk can be significantly reduced.
McLaw’s tools follow the below logic and require minimal data capture to uncover the most optimal sequence or clear estimated tangible results from your proposed projects
•Problem Statement Definition – What is the issue?
•Root Cause Analysis – What is the root cause as opposed to just the symptoms?
•Cost:Benefit Analysis – What is my ROI?
•XY Project Matrix – Which projects will be quick / easy and cheap to implement?
Benefits:
¥Requires minimal resource time to implement
¥Give you a clear indication of the Cost:Benefit of each project
¥Focuses the Management team on the most tangible projects
¥Reduces the risk of delivering projects that do not improve the original problem
¥Uses world class problem solving tools
¥Easily transferable skills
¥Increases Competences
Summary
A clear Scope and Return on Investment’ are core in selecting effective improvement projects. Working with McLaw we can aid you in making sure you select the most tangible projects that will give you the return you are looking for.
