How do you choose the right project? Benefit Cost Analysis is often utilized to determine which project should be prioritized. The idea is that what provides the greatest financial benefit is the major consideration, but also, we can utilize the QFD to determine what customers deem most valuable to them, and then we can use other data, such as which process is giving the greatest problems by use of a Pareto chart.
PPI (Pareto Priority Index) = Saving x Probability of Success/Cost x Time to Completion (years)
TOC (Theory of Constraints)
Transforming an organization is a very difficult task, but it is impossible if the executive leadership is not totally committed to the transformation. Learning to identify formal and informal leaders and earning their respect and commitment is critical to the success of your project.
How would you approach a new project with leadership that is not totally committed to the transformation? Who would you approach to ensure your project success, and what approach would you take to earn their commitment.
