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"