Introduction

• Welcome & Introductions
  
  
• Workshop Objectives & Agenda

Why Assess Financial Impact

• Converting project results to financial measures
  
  
• Project selection quandary – which to attack first?
  
  
• Hard vs. Soft financial impact
  
  
• Organizational needs drive financial measures
  
  
• Example: Post-Project Calculation Template

Financial Impact Assessment Development

• Identify “customer” needs
  
  
• Define quantification standards
  
  
• Design an impact calculation process
  
  
• Create tools to quantify project results
  
  
• Train participants
  
  
• Align financial measures with existing systems
  
  
• Require reports from business leaders

Choosing High Impact Projects

• What kind of problem is it?
  • DMAIC
  • DISC
  • Design
    
    
• Identifying the mix of project types

Identifying Project Selection Criteria

• Impact on external customer
  
  
• Impact on strategy
  
  
• Financial benefit – savings and revenue
  
  
• Urgency
  
  
• Resource availability
  
  
• Organizational "buy-in"
  
  
• Likelihood of success
  
  
• Learning opportunity

Weighing Project Selection Criteria

• Brainstorm
  
  
• Multi-vote
  
  
• Assign relative "weight" of opportunity

Systemizing Project Selection

• Creating a "selection matrix"