Opportunity Cost Toolkit

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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 997 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 997 standard requirements:

  1. Does the technology offer either opportunities for substantial improvement in performance or the potential to provide at least the same quality of performance at a substantially reduced cost?

  2. How does giving callers the opportunity to choose own call path enable them to quickly reach the most qualified agent while also reducing your organizations cost-per-call?

  3. How do you balance the need for greater economic opportunity, lower consumer costs, and system reliability with power market design constraints and environmental concerns?

  4. How does the real cost of responding to perceived big data opportunities stack up against the quantifiable benefits of the already stated opportunities?

  5. When was the last time your organization leadership shifted focus from cutting and managing costs to growing revenue through new business opportunities?

  6. How will the program benefit your organization and provide a return on the staff and participants tie and any other investment or lost opportunities?

  7. Is the current contracting process successful in maximising the opportunity that the private sector has to innovate in the design of services?

  8. What do you leverage in terms of your current strategic positioning, capability platform, and performance to exploit a growth opportunity?

  9. Will there be an opportunity to re-visit and revise costs according to the actual criteria to be employed by the successful organization?

  10. Which areas do you believe provide the best opportunity for future efficiency gains at your organization or in your daily work life?


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 997 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. Team Performance Assessment: To what degree will new and supplemental skills be introduced as the need is recognized?

  2. Quality Audit: How does your organization know that its relationships with industry and employers are appropriately effective and constructive?

  3. Schedule Management Plan: Where is the scheduling tool and who has access to it to view it?

  4. Quality Management Plan: What are your organizations current levels and trends for the already stated measures related to employee wellbeing, satisfaction, and development?

  5. Probability and Impact Assessment: Assumptions analysis -what assumptions have you made or been given about your Opportunity Cost project?

  6. Human Resource Management Plan: Is an industry recognized support tool(s) being used for Opportunity Cost project scheduling & tracking?

  7. Cost Management Plan: Milestones Ð what are the key dates in executing the contract plan?

  8. Activity Cost Estimates: Will you need to provide essential services information about activities?

  9. Cost Management Plan: Do Opportunity Cost project managers participating in the Opportunity Cost project know the Opportunity Cost projects true status first hand?

  10. Procurement Audit: Are cases of double payment duly prevented and corrected?

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

1.0 Initiating Process Group:

  • 1.1 Opportunity Cost project Charter
  • 1.2 Stakeholder Register
  • 1.3 Stakeholder Analysis Matrix


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.