Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

reply to the following discussion Rachelle Robarge From this week's reading, I would say there are three most important factors when building a program: business

reply to the following discussion

Rachelle Robarge

From this week's reading, I would say there are three most important factors when building a program: business and operational impact, cost benefit analysis, and strategic alignment. As a program manager, defining these two components will make or break the case to support the program. If the cost and/or impact outweigh the benefit or ROI for the program, then it will be very difficult to obtain support from leadership for the program. My team is working on a project as part of our Operational Excellence program this quarter which involves implementing a audit tool that can also send initial disclosures. To get this project approved, we had to provide proof that the benefits outweighed the cost of the product and to do that we did a basic ROI analysis. Beyond the basic ROI though, was showing that in order to achieve the ultimate strategic objective of a "no-touch" conditional approval, we had no choice but to implement this new product. Ultimately, we received approval by showing the benefits outweighed the costs through a scalable procedure update that also supported other projects in our roadmap to achieve Operational Excellence.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Social Media Management

Authors: Ben Shields

1st Edition

019029633X, 978-0190296339

More Books

Students also viewed these General Management questions

Question

understand how to start systematically to collect these data.

Answered: 1 week ago

Question

What would you do if the bullies were in your classes?

Answered: 1 week ago