Quality Decision Making: Identification of Benefits

Contin” rel=”nofollow”>inuin” rel=”nofollow”>ing with the cost-benefit analysis for the issue you examin” rel=”nofollow”>ined in” rel=”nofollow”>in the second Unit 5 discussion, proceed with the identification and quantification of benefits, per Plowman’s 2014 “Writin” rel=”nofollow”>ing a
Cost-Benefit Analysis” article. In your in” rel=”nofollow”>initial post, briefly restate the issue for which you conducted the cost-benefit analysis, then apply Plowman’s process:
Make a list of all monetary benefits that will be experienced upon implementation and thereafter. These benefits in” rel=”nofollow”>include direct profits from products and/or services, in” rel=”nofollow”>increased contributions from
in” rel=”nofollow”>investors, decreased production costs due to improved and standardized processes, and in” rel=”nofollow”>increased production capabilities, among others. Make a list of all non-monetary benefits that one is likely to
experience. These in” rel=”nofollow”>include decreased production times, in” rel=”nofollow”>increased reliability and durability, greater customer base, greater market saturation, greater customer satisfaction, and improved company or
project reputation, among others. Assign monetary values to the benefits identified in” rel=”nofollow”>in steps one and two.

find the cost of your paper