Question a)

Reflect on a project or task that you have been involved in and think about the costs and benefits associated with it.

1. Using the cost benefit analysis tool introduced earlier, conduct your own cost benefit analysis on that project or task.
2. Conduct a cost benefit analysis on an upcoming task or project in the work place.
3. Explain the feasibility of your project or task, in terms of its costs and benefits. Would you move forward? Or would you decide to cancel? And then explain your decision.

Question b)

Identify an operational issue in your organisation. For example, could a particular task be done more quickly or more efficiently? Is there a regular loss of information or confusion of tasks in one area of work? Be sure to identify an issue that is neither too simple nor too complex.

1. Outline your vision and your objective or objectives for an effective, workable system for that issue.
2. Conduct a cost benefit analysis on your system, and outline what your next steps would be. For example, who would need to approve the project moving forward? What is the process here?
3. Define the scope of your project and develop at least three additional objectives and outline what the deliverables for each would be.
4. Conduct a stakeholder analysis for your issue to identify who would be impacted (or who would affect) changes to the issue you have identified.