ROI Calculator for Lean Six Sigma Program
Are you a leader looking to justify additional resources from your company for your program?
- Clearly present your case for program investment
- Set clear expectations in line with industry benchmarks
- Establish program targets and costs
- Present a clear business case, with confidence.
- Clearly communicate the investment, expected returns, and the costs of delays.
Free ROI Calculator
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PMO/ LSS Program ROI Calculator
Answers Included in this free Excel Template for Calculating Lean / 6 Sigma Return on Investment:
- Is it time to hire another Director of Continuous Improvement?
- How much is is costing you to wait to hire?
- How much can you expect to save/improve with each new hire?
Use this ROI Calculator to:
- Calculate the Hard and Soft Financial Impact Projects
- Gain more support for Lean/ 6Sigma initiatives
- Build the business case for investing in Lean / Six Sigma.
- Save time. Present more clearly. Simplify the investment decision.
- Determine: How much is it really costing us to wait?
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 revenue or savings that your company might generate from the project/program. 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.
Senior executives responsible for giving the approvals for additional investments love to see a clear investment proposal. When you give the person/people who are responsible for making investment decisions a clear business case, it makes their job easier AND it makes it easier for your program investment to be approved.
This is the very same calculator that used by CI (Continuous Improvement) Leaders to justify $1,000,000+ investments in Lean Six Sigma programs that generate over $50,000,000 in program benefit. This worksheet template will help you quantify simple changes in factors such as a reduction in cycle time, or increases in trained resources can help drive hard savings and real improvements for your organization.
Calculate the Return On Investment of Program Investments
FAQs:
- “Is the calculator free?” – Yes, it’s 100% free to use.
- “What types of companies is this tool for?” – It’s designed for most companies, specifically; manufacturers, service providers, and any company considering Lean Six Sigma investments.
- “Will I need special data to use it?” – No, you just need basic company and program details.
Manage Lean / 6 Sigma, Continuous Improvement Projects with KPI Fire Software
KPI Fire is software that can manage your continuous improvement projects and track project benefits.
Check out this video to see how KPI Fire manages Projects & Project Savings.