...------------------------------------------------- Cost Benefit Analysis [ECON 453] ------------------------------------------------- Assignment II Aditya Gurung Dr. T.M. Horbulyk April 2, 2012 1. Based on the article, describe as best you can: (i) The reference group for the cost benefit analysis Reference group for the cost benefit analysis (CBA) refers to the set of persons whose gains and losses are to be included as directly relevant to the project decision-making process. It is a sub set of people who will be benefited or affected by the implementation of the project. In the case of Bolu Mountain Tunnel project, the set of people who will directly benefit from the implementation of the project are the people who can now avoid traveling by Bolu Mountain Passage (D100 highway) as they can get to there destination by traveling through the tunnel in much safer conditions along with reduced travel time. (ii) The purpose of the study The purpose of any social CBA is to examine and assess whether or not the social benefits of the proposed policy or project outweigh its social cost. By doing so, it can assist decision-making by facilitating the allocation of resources to their most valuable application. In the case of given article, the purpose of the study is to conduct the CBA of the Bolu Mountain Tunnel Project and examine if the project is worth to be implemented. (iii) The estimated project life over which the project is evaluated The estimated project life...
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...READER: “Business Case Usage Guidelines” have been developed to accompany this template. | |Table of Contents | | | | Executive Summary 2 Background 3 Problem / Opportunity 3 Current Situation 3 Project Description 4 Project Description 4 Objectives 4 Scope 4 Out of Scope 4 Anticipated Outcomes 4 Stakeholders 5 Strategic Alignment 6 Environment Analysis 7 Alternatives 8 Business & Operational Impacts 9 Project Risk Assessment 10 Risk of Project and each Alternative (Not including Status Quo) 10 Risk of Not Proceeding with Project (Status Quo) 11 Cost/Benefit Analysis 12 Quantitative Analysis – Financial Cost & Benefit: 12 Qualitative Analysis – Non-Financial Benefits & Costs: 14 Assumptions 14 Conclusions & Recommendations 15 Conclusions 15 Recommendations 15 Project Responsibility 15 Project Accountability 15 Implementation Strategy 16 Review & Approval Process 17 Review Process 17 Approval Process 17 Business Case Signoff 17 |Section |Executive Summary | |1 ...
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...Vision……………………………………………………………………………………...6 Values……………………………………………………………………………………..6 Needs Assessment design, Implementation and Analysis………………………………...7 Needs Assessment Design…………………………………………………………………7 Needs Assessment Method………………………………………………………………..9 Analysis of Data…………………………………………………………………………...9 Training intervention………………………………………………………………………12 Training plan……………………………………………………………………………….12 Return on Investment and Cost-Benefit Analysis…………………………………………14 Return on Investment Analysis…………………………………………………………….15 Cost Benefit Analysis………………………………………………………………………16 Training evaluation Plan…………………………………………………………………….17 Before Training……………………………………………………………………………...17 After Training……………………………………………………………………………….18 Recommendations…………………………………………………………………………..18 References…………………………………………………………………………………..20 Appendix A…………………………………………………………………………………21 Appendix B………………………………………………………………………………….23 Executive Summary This proposed document for Christopher house training report consist of a two-day training session with a total of 6 hours. The training program designed was onsite type of training. The ROI and CBA for the training showed the training program was a good investment. The total cost of training was $2206, and the cost benefit analysis for 10 families (investors) totaled $7000....
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...SWOT analysis. This is a tool that helps a company define and look at their Strengths, Weaknesses, Opportunities and Threats on mostly an internal level. A company uses this tool to dissect the areas that they exceed in and the areas of improvement, the areas of opportunity they can take advantage of and where other companies can pose a threat to their business. This is a powerful tool that can, with a little thought, help a company uncover opportunities that are well placed for exploitation by the organization (Manktelow & Carlson, n.d.). This tool also helps a company understand its weaknesses and in turn manage and eliminate threats that could catch the organization unaware. The following are a list of items that could follow under each category: • Strengths: market share, production methods, company reputation, patents • Weaknesses: high material costs, high labor costs, slow delivery times • Opportunities: Growing customer needs, new technology, countries with little government regulation. • Threats: competitors lowering their prices or offering like products in the same market, new government regulations, supply pricing continues to rise. By looking at FFI through the framework of a SWOT analysis, a global strategy can be developed that will help distinguish the organization from its competitors, allowing for it to compete successfully in the market. The next tool that can be used for analysis is the Cost Benefit Analysis. (Repurposed from MGMT640) A cost benefit...
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...threats also pose real danger to the health of the people of Kava. The risks from the disaster threats could significantly affect the health of the population particularly if accessibility to affordable health and medical supplies is difficult. The threats from AIDS/HIV alone could be devastating but the threat could be eased with available protective device such as affordable and easy accessible condom sheaths. The situation in Kava could be a great opportunity for the Teva Pharmaceuticals to expand its mission which is “to play a leading role in the transformation of the U.S. healthcare system through its pre-eminence in the development, manufacture and marketing of generic pharmaceuticals (TEVA USA., 2010, para 2)”. The company can expand that mission to the healthcare system of Kava Island highly vulnerable to many threats particularly storm, tsunami, earthquake, flood, fire, petroleum spills, AIDS/HIV, and avian flu (University of Phoenix, 2010). The condition of Kava may not be highly favorable but the island also has some benefits to offer to Teva...
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...programs have been inputs of human and financial resources, many fell short to bring about overall changes in the existing socio- of expectations. Projects failed to meet the priority economic structure in the country providing thereby needs of communities; stated outputs were not achieved dignified way of life to a citizen as a unit and socio- or, if achieved, not sustained; target groups did not benefit in the manner intended; project costs escalated economic up liftment of the society. So most of the administrators are directly concerned with the program / project administration than other activities. The capability of administrative system to formulate and implement, relevant and in able programs effectively constitutes a crucial element in the process of development. Development requires planning and planning includes a lot of programs / projects. Plan requires projects and projects require a lot of planning. and implementation dates slipped; and adverse outcomes were not anticipated. These failures were attributed in part to poor project management, such as inadequate opportunities for potential beneficiaries to participate in...
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...Cost/Benefit analysis of Employee Training programs University of Phoenix HRM/531 Training is a process that can provide significant value and rewards that far outweigh its financial costs. The effects of training touches the lives of employees from the first day of a new job through retirement The purpose of this paper is to show how employee training benefits not only the organization but also the environment as well. The reader will be introduced to an oil distribution company undergoing costly problems because of poorly trained employees. These problems have resulted in repeated environmental violations. An analysis of the company was conducted to weigh the cost/benefits of incorporating an effective employee-training program to address the problem. The outcome of the analysis will determine whether the training is financially feasible, or if another project should be pursued. In addition, the effect of management behavior on productivity, the definition and use of behavior costing, effects of high performance work policies on business financial performanceas that relate to the company; along with recommendations based on researched data gathered will be given in this paper. Training is defined as an activity leading to skilled behavior. Employee training involves a set of planned activities that organization will have their employees complete in order to increase their job knowledge, skills, and abilities. In practice, training gets employees accustomed...
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...The Welfare State - A Cost Benefit Analysis The role of welfare within our society has always been controversial. This problem emphasizes the need to understand the roles of variable factors when pertaining to the subject of welfare within our society. The proposed analysis will address the phenomenon of welfare assistance and several factors which may contribute to the increase or decrease of welfare assistance to the poor in 4 ways: (1) by defining major concepts and any other concepts about which there is likely to be misunderstanding (2) by further examining the past history pertaining to the subject of welfare assistance within the United States; (3) by developing the formulation of a hypothesis which will provide for an explanation of welfare; and finally (4) determining whether or not the benefits of welfare assistance outweigh the cost. Ultimately, the purpose of this research analysis is to investigate variable factors that may contribute to the increase or decrease of welfare assistance. This cost benefit analysis is an attempt to explain the tentative assumptions of others pertaining to the subject of welfare, in order to determine and explain the relationship of welfare to the economic cost and benefits. Cost-Benefit Analysis Before welfare assistance can be analyzed there is a need to define the terms that will be used. Policies like welfare assistance are worthwhile only if the benefits to society are greater than the costs. When choosing among a set of policies...
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...Coca-Cola India Analysis In the Coca-Cola India case, President and CEO of Coca-Cola India (Coke India) Sanjiv Gupta is faced with this question: Should he act further on the Center for Science and Environment’s (CSE) allegations that cold drinks contain too much pesticides or should he remain silent and let the information fade from public view? Section 1: Assumptions and Stakeholder Analysis The first assumption taken in this case is Coke India is not breaking any laws and telling the truth when it comes to the level of pesticides in its products and its routine testing for chemicals. This case is not about concealing illegal activity or lying to the public, rather, it discusses the question whether or not corporations have a right to influence government to regulate various systems. If the analysis takes lying and cheating into consideration, this interesting discussion would appear convoluted. The second assumption taken in this case is the definition of “acting further” means for Coke India. Because Coke India and Pepsi already called the study “baseless” in a press conference launched independent marketing campaigns and published open letters referring to fact/myth websites, this analysis assumes acting further means more than public relations (Coke India, 12). Pepsi has already “filed a petition with the high court questioning the credibility of the CSE’s claims” and Coke India has threatened legal recourse meaning acting further means more than legal recourse against...
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...What Causes Crime? Crime has existed in societies across the world since the term crime has been implemented. The standard definition of crime, if one can use the term standard, is any action that is prohibited, prosecuted, and punished by criminal law. Therefore, crime cannot exist without some form of legal system to label criminal behavior. The mandatory existence of a legal system for criminal behavior to occur can be easily confused with actions that violate socially constructed norms, or deviant behaviors. It is with that premise that I propose crime is caused by a conflict of interest. This conflict of interest is not limited to the interactions between classes, groups, or individuals; the conflict of interest is intentionally vague so as to not cause further damage to criminological understanding by imposing misleading specificities. Crime is a conflict of interest between two or more variables, with at least one variable involving one or more humans. I propose crime is a conflict of interest because the term interest can encompass the two key aspects of profit and loss that is the rational basis for creating legal systems. However, as so many have noted, illegality is at the end of the day typically decided by those who create the laws rather than those most affected by the laws. Conflicts occur when there lacks a unanimous consensus among all parties considered in a given situation. When countries consist of millions of people, one can note how even the most...
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...CONTENTS EXECUTIVE SUMMARY INTRODUCTION - Definition of coaching - Definition of mentoring - Application Part A) Identify the process steps need to be taken to assess the learning needs of the organisation * Step 1: Perform needs analysis * Needs Assessments * 1) Organisation Analysis * 2) Task Analysis * 3) Individual Analysis * Step 2: Identify priorities and important * Step 3: Design Phase of training and development * Step 4: Implementation * Summary Part B) Identify and compare the costs and benefits that introducing a coaching system would involve * Cost * Benefits * Benefit 1: Recruitment and retention * Benefit 2: Continue Learning * Benefit 3: Several Skill Acquisition Part C) Identify KPIs that they should expect to achieve through the implementation process Part D) Identify the key stakeholders that will need to be involved in the process and how their support can be built. Part E) Case Study Example – ASDA Recommendations and conclusion EXECUTIVE SUMMARY High performance and contemporary company need to acquire a much broader set of skills if they are to survive in the world of modern business. The pace of change is unpredictable fast, partly driven by the advances in information technology and the pervading influence of globalisation – has become relentless. The complexity of work has increased while career paths have become less obvious due to the flattening...
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...to provide customers with points which can be redeemed for high end gift items, airline first-class upgrades, or other specialty foods. This program will also enable the ability to track customer transactions and identify trends that will allow Kudler Fine Foods to customize its product base to better serve its customers. Before implementing this program, Kudler will need to identify legal, ethical, and security considerations as well as complete a financial analysis to justify the expenditures of the loyalty program. The Program According to Kudler Fine Food’s Sales & Marketing intranet website, customers prefer high quality and specialty foods are more important than high value prices. Kudler’s Sales and Marketing Department is developing a Frequent Shopper Program which will offer incentives to its members through point accumulation and offer Kudler valuable insight into the shopping tendencies of customers. Initially, this program should promote customer loyalty and give Kudler additional opportunities to react to customer spending habits. Customers will present a rewards membership card that will identify them when making purchases. After just a few purchases customers will have enough reward points accumulated on the rewards card to exchange for airline upgrades, assorted gifts, and free specialty foods. Currently, Kudler maintains a database that only...
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...Image creation-BP is in the mature stage of its life cycle, has been involved in multiple mishaps over the years. They have lost focus of their duty to the environment, the public, and its shareholders. 1) SWOT analysis Strengths-they have alot of money that can be reinvested in enhancing/repairing their image and focusing on the environment, their connections (with the British government and Navy), alternative energy (wind, solar, biofuels), infrastructure, carbon footprint toolkit, they were the first energy company to acknowledge global warming/environmental awareness Weaknesses-image, oil spills, poor ethics (price gouging,wire/mail fraud, etc.) Opportunities-technological opportunities (alternative energies, improved drilling capabilities, jumping onto the environmentally sustainable movement-and is also a threat to their original business model) Threats-politics (policies/regulations), economics (supply and demand fluctuation, improved commodities markets), competition, natural disasters 2) Problem Analysis (this should be clear and to the point-a few sentences is all that is necessary): Their image is tarnished, so they are concentrating on rebuilding this. They started this process by changing their name from British Petroleum to simply BP (Beyond Petroleum-suggesting that they will focus their efforts on multiple energy sources). Why is their image tarnished? What led to this occurring? What measures have they taken to address this issue? 3)...
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...Practical Cost-Benefit Analysis for Financial Regulators Version 1.1* Financial Services Authority Central Policy © June 2000 This document was prepared, originally in 1998, for the use of policy makers within the FSA. Foreword to edition 1.0 To demonstrate our performance to Government, consumer groups and the industry, the FSA will have to meet the benchmarks set out in the document “Meeting Our Responsibilities”. As we said there, a key benchmark for judging our regulatory standards will be the balance struck between the interests of our stakeholders. Undertaking cost-benefit analysis, which will in any event be a statutory obligation under the terms of the new legislation, will help us to strike the right balance. And publishing the results will demonstrate to stakeholders that their views are given a fair hearing in the process of setting regulatory standards. It is therefore clear that any cost-benefit work we undertake should be able to stand up to external as well as internal scrutiny. Thus, as part of our effort to become a world leading financial services regulator, we have developed and had validated externally an approach to cost-benefit analysis that can be applied systematically across our various activities and regulated businesses. The approach is set out in this new guide “Practical Cost-Benefit Analysis for Financial Regulators”, prepared in the Central Policy directorate. I believe that adherence to the principles, tools and techniques set out...
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...change verge on everything of their past system. Furthermore SAP was unreasonable, prolonged (as far as executing), and numerous representatives were opposing against it. At that point there was an option arrangement by ACCPAC. Holding every one of these issues under thought Zulkifli, the finance manager chose to infer SAP and he requested help from his group. Feasibility Study Feasibility study represents how practical the project is and it could be studied from different perspective of feasibility Economic Feasibility- Economic Feasibility can be referred as a core feasibility study as it represents the cost-benefit analysis. It is difficult to identify precisely about the cost and benefit during the introductory stage of project. However this study is conducted to have an idea about expected cost and benefit. We will further stretch the cost-benefit analysis later to find out how economic feasible ATLAM is in terms of implementing SAP Technical Feasibility- It represents whether ATLAM has present technical resources and how these resources could be applied or...
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