We’ve made it simple by providing you with a free Excel template to help you calculate and communicate the benefits of your vision!
Whether you’re building a new plant or taking on a new project, you should conduct a cost-benefit analysis to evaluate all the potential costs and revenues that your company might generate from the project. The outcome of the analysis will determine whether your project is financially feasible or if the company should pursue another project. By considering all options and the potential missed opportunities, your cost-benefit analysis is more thorough and allows for better decision-making.
This is the very same Excel Template that Cedro Toro (Master Black Belt) uses as part of his Green Belt Training to teach how to calculate project benefits. This worksheet template will help you quantify simple changes in factors such as a reduction in defects and how to turn that into hard and soft savings for the organization.