Establishing Baselines and Assessing Success

In this Assignment, you are going to evaluate a specific business process based on criteria detailed below. If you already have selected a business process, continue using that and skip to the next paragraph. If you have not yet selected the business process you will use for these Assignments, then begin by selecting one. Email your instructor and clearly describe the objective of this process, the participants, and the strategic significance for the company. The business process you select must have a clear beginning and an end, with identifiable, specific steps. Your instructor will confirm that the process you selected is suitable or will ask you to select another one. For this Assignment, write a paper that answers the following questions (use the subheadings/numbered questions below to organize your paper): Part 1: Implementation Strategies Evaluate the suitability of the four implementation strategies discussed in step 2 for your project. ● For each strategy, explain the specific pros and cons of using it for your project. The analysis should be based on how each strategy applies to the process you selected and the nature of your selected organization. Do not simply repeat the generic pros/cons from the book. ● Select the one you think will work best in your situation. Explain how you would execute this strategy for your selected process. What would be required for the success of this strategy when rolling out your revised process? Part 2: Establishing Baselines To begin, list three metrics that you think can help you quantify the performance of the current process. List and define the metrics clearly, explain why each metric is important in the assessment of the process, and then give an example of the statistic units. For example, if your metric is “speed of processing,” it may be defined by how quickly each employee audits a tax form, and the example would be that “on average, you would expect eight tax forms audited per hour.” If you have already done this in a previous Assignment, you may copy and paste a summary from that Assignment. Then, revisit the metrics you selected for your baseline. For each metric, clearly discuss the following: 1) Describe what the metric is: how is it calculated and used currently? 2) As far as being used as a justifiable project goal, what kind of a change in this metric would constitute success? How did you arrive at this figure? If this target change figure is not possible to estimate now, then describe how you would Kaplan University School of Business MT 400 Unit 8 Assignment compute it if you were actually carrying out this project: who would be involved and where would the data come from? Part 3: Case Analysis Read the following case study and answer the questions at the end. In 2009 it was decided that ABC Tire Company would implement a BPM project with the following goals: ● Decrease the labor cost per tire, and ● Increase profit from each tire sold by 5%. To track the success (or failure) of the project, they determined the following baseline data for 2009: Total # of Tires Sold Material s Cost Per Tire Labo r Cost Per Tire Avera ge Retail Price Per Tire Average Profit Per Tire 22,594 $21.23 $12.67 $119.00 $85.10 After implementing the BPM project, ABC Tire Company reviewed the value of the project after a year and identified the following information: Total # of Tires Sold Total Materials Cost Total Labor Cost Average Retail Price Per Tire 27,669 $533,450.00 $397,555.00 $122.13 Using the data provided above, calculate and fill in the following table (show all your work; completing the table without the calculations will result in no credit): Material s Cost Per Tire Labor Cost Per Tire Averag e Profit Per Tire % Increase or Decrease in Materials Cost Per Tire % Increase or Decrease in Labor Cost Per Tire % Increase or Decrease in Average Profit Per Tire Kaplan University School of Business MT 400 Unit 8 Assignment After the table is complete, address the following questions: 1. Why is it important to ensure that the baseline data is accurate? 2. Was the project successful? Why or why not? Directions for Submitting Your Project Compose your Assignment as a Microsoft Word document and save it as UsernameMT400- Assignment-Unit#.docx (Example: TAllen-MT400 Assignment-Unit 8.docx). Submit your file by selecting the Unit 8: Assignment Dropbox by the end of Unit 8. Grading note: In the grading rubric below, you will see a section on analysis and critical thinking. The points in this section will partly be based on your ability to apply the concepts discussed in your Assignment to the specific circumstances and details of the process/organization you selected. Writing in general terms without applying the concepts and analyzing your specific project may get you points for content section, but you will lose points in the analysis section. Review the grading rubric below before beginning this Activity. Assignment grading rubric = 120 points Unit 8 Assignment: Establishing Baselines and Assessing Success Content, Focus, Use of Text, and Research Points Possible Points Earned Analyzed the pros and cons of all four implementation strategies with respect to selected process and justified the best fit. 30 Selected and justified metrics to be used for establishing a baseline. 20 Calculated the correct values for the table in question 3. 15 Answered the questions correctly in question 3. 15 Analysis and Critical Thinking Responses demonstrated critical thinking and analysis and exhibited application of information. 20 Kaplan University School of Business MT 400 Unit 8 Assignment Spelling, Grammar, APA Format Clear business writing; spelling and grammar acceptable; effective use of APA; followed the required format and instructions 20 Total 120