Measurable values of the new system

 

ROI is one of the most common financial measuring tools. Being able to calculate the ROI, or expected ROI, allows us to make the best decisions about where to invest our funds for the most return on our investment over time.

Part 1

Using the numbers in Course Scenario: Phoenix Fine Electronics, which was provided in Week 1, perform the following tasks:

Calculate the estimated ROI for an ERP implementation.
Calculate the estimated productivity as a result of implementing ERP system.
Note: If you need help calculating ROI, review this week’s activity, LinkedIn Learning: Content Marketing ROI by Honigman.

Part 2

Complete your business case to present to the management team of Phoenix Fine Electronics. Incorporate your analysis and instructor feedback from the previous week’s assignments.

Include the following:

Executive summary
High-level overview of business needs and desired outcomes
Scope of the project
Measurable values of the new system
An explanation of the strategic alignment
Estimated ROI and productivity (from Part 1)
Final recommendation

Sample Solution

The conceptualization of a project’s objective and overarching yardstick of success, known as the Measurable Organizational Value, marks the start of the project’s first phase (MOV). The project’s aim, the Measurable Organizational Value (MOV), is utilized to describe the value your project will provide for your client. A project must be in line with and support the organization’s vision, mission, and strategy in order to truly add value to it. The MOV needs to Be measurable: Measurement gives all project stakeholders a precise definition of success. Provide value: Only time and resources that can provide value to the organization should be invested in a project.

ics has never been a Science – and it is even less now than a couple of years prior.’ Paul Samuelson depicts how financial experts like to allude to their hypothetical models – those which have insignificant connection to this present reality, for they can’t think about the silly human conduct on state or macroeconomic undertakings. Rethinking a variety of fields in exceptional ways is basically the way in which Artificial Intelligence has caused upon a few enterprises, just by utilizing a bunch of strategies to dissect information to come to additional very much educated derivations and conclusions about our reality. To connect two differentiating universes – Economics and Artificial Intelligence – would maybe balance a contention that Economists taking care of monetary issues would have an ostensibly sensational commotion since Adam’s Smith beginning of Economics, helping mankind in tackling a scope of issues. As both created and non-industrial nations anticipate moving towards a full grown economy, there will be a few developing worldwide issues that financial experts need to tackle inside the following 20 years. While it is certain that Economists should assist with tackling a few developing worldwide issues inside the following 20 years with economies moving towards security, it is, in any case, sketchy and more right to consider on whether Artificial Intelligence will be the vessel for our economy to be more adequate and supportive by and by.

Taking into account the quick development in the worldwide populace, there has been an expansion in promotion for the environment emergency and the restrictions brought about by over-double-dealing of assets in our roundabout economy. Every one of these are, incontestably, the repercussion of the past modern exp

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