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How to Perform a Cost-Benefit Analysis II: Intermediate Techniques

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How to Perform a Cost-Benefit Analysis II: Intermediate Techniques

How to Perform a Cost-Benefit Analysis II:  Intermediate Techniques -- Two-Day Seminar:   Choosing and proving the "best" IT solution for a business problem is a universal challenge.  Learn to develop "bulletproof" analyses.

Anyone who has some training or experience developing basic cost-benefit analyses knows that there are several analysis topics that warrant additional attention. These include: developing "bulletproof" evaluation criteria, solidifying financial and non-financial benefits, estimating and forecasting costs, comparative and tradeoff analysis.

In this highly interactive, problem-solving course, participants learn how to resolve more complex cost-benefit evaluations.

Building upon CBAs fundamentals, participants learn by applying them to more complex option analysis and IT decision-making scenarios, for instance:

  • when stakeholders dont agree on, or wont commit to, the business objective to accomplish
  • developing, ranking, and applying multiple evaluation criteria
  • tradeoff analysis for "non-comparable" IT solutions (e.g., are we better off with an 60% solution now or a 90% solution in a year)
  • generating credible cost estimates when little source data are available

A core case example illustrates how each technique works in a real-world situation; and, extensive practice exercises build the skills needed to apply them. To ensure that skills and techniques learned are immediately applicable on the job, participants are encouraged to raise and discuss their specific needs and challenges.

Cost-Benefit Analysis Training -- The Bottom Line

A well-crafted cost-benefit analysis (CBA) delivers tangible and credible facts that decision-makers need to make smart information technology (IT) decisions.  The CBA technique is for any organization that can't afford "trial and error" IT decision-making.

Course Topics

CBA Basics Recap 

  • Pinpointing and quantifying the business problem to solve
  • CBA development at different system life-cycle stages
  • The 10 core CBA concepts

Cost Identification & Analysis

  • Estimation by analogy, expert judgment, and computer-aided estimates uses and pitfalls
  • Forecasting uncertain life-cycles
  • Calculating financial metrics

Tangible and Intangible Benefits 

  • Techniques for estimating and forecasting tangible ("financial") and intangible ("non-financial) benefits
  • Learn and practice the techniques for translating technical improvements into tangible business benefits

Comparative & Tradeoff Analysis 

  • Creating 3-tier evaluation criteria for coarse- and fine-grain evaluations
  • Developing numeric ranking and rating techniques to assess solution tradeoffs
  • Pinpointing consequences of "no-go" decisions



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