Opportunity Cost Toolkit

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  • Establish that your group facilitates timely processing of sample orders according to predetermined lead and delivery times, optimal sample numbers and cost benefit ratio in collaboration with Key Account Managers.

  • Advise and consult on options, improvements, Cost Savings opportunities and cross project impact to other business Processes And Systems priorities.

  • Confirm your group participates in the creation of Total Cost of Ownership (TCO) models for large and complex projects.

  • Develop packages, package components and packaging systems that best meet the needs of internal / external customers to support strategic Business Needs for growth, quality and productivity.

  • Make sure that your group complies; monitors and tracks supplier performance, Cost Savings, and Continuous Improvement and develops and implements the solutions to address issues.

  • Use standard tracking and reporting systems, prepare detailed plans, drive project performance, and assure timely completion and achievement of product / process quality and Cost Savings goals.

  • Provide guidance and direction to the overall technical strategy and roadmap by aligning cost effective and reusable solutions while advancing the usage of new emerging trends and technical capabilities.

  • Support the project cost and schedule plans by tracking results, implementing timely review with functional support groups and reporting progress regularly to the team leader.

  • Secure that your operation promotes Continuous Improvement in production process to improve safety, Cost Effectiveness, and Product Quality.

  • Ensure appropriate management of supplier issues, escalation process for critical issues Implement effective tools for complete reporting of the total Cost of Poor Quality caused by suppliers.

  • Contribute to transaction cost analysis process and use data to provide insights which lead to actions that lower execution costs.

  • Be accountable for applying Customer Requirements, Business Processes and operations, life cycle Management Concepts, Configuration Management and cost benefit analysis methods in order to develop IT solutions.

  • Search constantly the process Continuous Improvement through Cost Reduction and eliminating tasks that no add value to the business.

  • Promote the use of Strategic Sourcing techniques as vendor Spend Analysis to deliver Cost Savings.

  • Ensure you suggest; lead Process Engineering the lead Process Engineering team focus on lead process efficiency, Cost Savings, quality, and improving Customer Satisfaction using a combination of proven Six Sigma methodologies and business lead Process Management tools.

  • Be accountable for defining and quantifying scope of work and preparing comprehensive conceptual, budgetary, and construction Cost Estimates for projects.

  • Strive to minimize Cost of Poor Quality by recommending and implementing policy or procedures changes or other preventive measures.

  • Be accountable for identifying areas for Cost Savings through the identification of unallocated licenses or equipment, alternative support options, rationalization, optimal licensing and hardware deployment practices.

  • Provide weekly cost forecasts for your transportation spend.

  • Support and represent Supplier Quality engineering in strategic initiatives for other functions and be the voice of Supplier Quality Engineering.

  • Make sure that your organization develops solutions and participates in presales and change order negotiations representing and approving delivery capability and cost solution.

  • Provide Technical Support and guidance to troubleshoot, analyze and recommend actions to improve Safety, Quality, Delivery and Cost using Lean Six Sigma.

  • Confirm your organization ensures team keeps fundamentals in line through efficient Cost Management, accurate forecasting, revenue attainment, Risk Mitigation, backLog Management and strategic Workforce Planning.

  • Ensure you build and constantly improve your organizations integrated marketing strategy, Test Plans, and overall Program Development while creating new flows, and nurture campaigns for prospects and customers.

 

Save time, empower your teams and effectively upgrade your processes with access to this practical Opportunity Cost Toolkit and guide. Address common challenges with best-practice templates, step-by-step Work Plans and maturity diagnostics for any Opportunity Cost related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Opportunity Cost specific requirements:


STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Opportunity Cost Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a Data Driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

  • Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...


STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 999 new and updated case-based questions, organized into seven core areas of Process Design, this Self-Assessment will help you identify areas in which Opportunity Cost improvements can be made.

Examples; 10 of the 999 standard requirements:

  1. How does it fit into your organizational needs and tasks?

  2. How do you take a forward-looking perspective in identifying Opportunity Cost research related to market response and models?

  3. What would be a real cause for concern?

  4. Are all requirements met?

  5. How scalable is your Opportunity Cost solution?

  6. What should you stop doing?

  7. How do you select, collect, align, and integrate Opportunity Cost data and information for tracking daily operations and overall organizational performance, including progress relative to Strategic Objectives and action plans?

  8. Who needs what information?

  9. Who qualifies to gain access to data?

  10. How can you measure Opportunity Cost in a systematic way?


Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

  • The workbook is the latest in-depth complete edition of the Opportunity Cost book in PDF containing 994 requirements, which criteria correspond to the criteria in...

Your Opportunity Cost self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

  • The Self-Assessment Excel Dashboard; with the Opportunity Cost Self-Assessment and Scorecard you will develop a clear picture of which Opportunity Cost areas need attention, which requirements you should focus on and who will be responsible for them:

    • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
    • Gives you a professional Dashboard to guide and perform a thorough Opportunity Cost Self-Assessment
    • Is secure: Ensures offline Data Protection of your Self-Assessment results
    • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:

 

STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Opportunity Cost projects with the 62 implementation resources:

  • 62 step-by-step Opportunity Cost Project Management Form Templates covering over 1500 Opportunity Cost project requirements and success criteria:

Examples; 10 of the check box criteria:

  1. Cost Management Plan: Eac -estimate at completion, what is the total job expected to cost?

  2. Activity Cost Estimates: In which phase of the Acquisition Process cycle does source qualifications reside?

  3. Project Scope Statement: Will all Opportunity Cost project issues be unconditionally tracked through the Issue Resolution process?

  4. Closing Process Group: Did the Opportunity Cost project team have enough people to execute the Opportunity Cost project plan?

  5. Source Selection Criteria: What are the guidelines regarding award without considerations?

  6. Scope Management Plan: Are Corrective Actions taken when actual results are substantially different from detailed Opportunity Cost project plan (variances)?

  7. Initiating Process Group: During which stage of Risk planning are risks prioritized based on probability and impact?

  8. Cost Management Plan: Is your organization certified as a supplier, wholesaler, regular dealer, or manufacturer of corresponding products/supplies?

  9. Procurement Audit: Was a formal review of tenders received undertaken?

  10. Activity Cost Estimates: What procedures are put in place regarding bidding and cost comparisons, if any?

 
Step-by-step and complete Opportunity Cost Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:


2.0 Planning Process Group:

  • 2.1 Opportunity Cost Project Management Plan
  • 2.2 Scope Management Plan
  • 2.3 Requirements Management Plan
  • 2.4 Requirements Documentation
  • 2.5 Requirements Traceability Matrix
  • 2.6 Opportunity Cost project Scope Statement
  • 2.7 Assumption and Constraint Log
  • 2.8 Work Breakdown Structure
  • 2.9 WBS Dictionary
  • 2.10 Schedule Management Plan
  • 2.11 Activity List
  • 2.12 Activity Attributes
  • 2.13 Milestone List
  • 2.14 Network Diagram
  • 2.15 Activity Resource Requirements
  • 2.16 Resource Breakdown Structure
  • 2.17 Activity Duration Estimates
  • 2.18 Duration Estimating Worksheet
  • 2.19 Opportunity Cost project Schedule
  • 2.20 Cost Management Plan
  • 2.21 Activity Cost Estimates
  • 2.22 Cost Estimating Worksheet
  • 2.23 Cost Baseline
  • 2.24 Quality Management Plan
  • 2.25 Quality Metrics
  • 2.26 Process Improvement Plan
  • 2.27 Responsibility Assignment Matrix
  • 2.28 Roles and Responsibilities
  • 2.29 Human Resource Management Plan
  • 2.30 Communications Management Plan
  • 2.31 Risk Management Plan
  • 2.32 Risk Register
  • 2.33 Probability and Impact Assessment
  • 2.34 Probability and Impact Matrix
  • 2.35 Risk Data Sheet
  • 2.36 Procurement Management Plan
  • 2.37 Source Selection Criteria
  • 2.38 Stakeholder Management Plan
  • 2.39 Change Management Plan


3.0 Executing Process Group:

  • 3.1 Team Member Status Report
  • 3.2 Change Request
  • 3.3 Change Log
  • 3.4 Decision Log
  • 3.5 Quality Audit
  • 3.6 Team Directory
  • 3.7 Team Operating Agreement
  • 3.8 Team Performance Assessment
  • 3.9 Team Member Performance Assessment
  • 3.10 Issue Log


4.0 Monitoring and Controlling Process Group:

  • 4.1 Opportunity Cost project Performance Report
  • 4.2 Variance Analysis
  • 4.3 Earned Value Status
  • 4.4 Risk Audit
  • 4.5 Contractor Status Report
  • 4.6 Formal Acceptance


5.0 Closing Process Group:

  • 5.1 Procurement Audit
  • 5.2 Contract Close-Out
  • 5.3 Opportunity Cost project or Phase Close-Out
  • 5.4 Lessons Learned

 

Results

With this Three Step process you will have all the tools you need for any Opportunity Cost project with this in-depth Opportunity Cost Toolkit.

In using the Toolkit you will be better able to:

  • Diagnose Opportunity Cost projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
  • Implement evidence-based best practice strategies aligned with overall goals
  • Integrate recent advances in Opportunity Cost and put Process Design strategies into practice according to best practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Opportunity Cost investments work better.

This Opportunity Cost All-Inclusive Toolkit enables You to be that person.

 

Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.