Description
Unit 8 Assignment: Return on Investment (ROI) In this Assignment, you will apply ROI to a specific organization’s training, you will use a cost-benefit analysis as a means of determining whether or not an organization should implement a specific training program, and you will identify a potential training program of value to the organization. You will apply ROI to a specific organization. Training programs are expensive and the companies want to know what to expect in terms of a ROI if the training is completed. Select an organization that you are sufficiently positioned with to get the information you need for this Assignment. It could be a company you have worked with or a nonprofit organization with which you have had some experience. It will be more difficult to complete the Assignment if you select an organization where you are an outsider, unable to gather the needed information. You will use a cost-benefit analysis as a means of determining whether or not an organization should implement a specific training program. The cost-benefit analysis will indicate the potential value of the training program under consideration. You will also identify a potential training program of value to the organization. (This could be any type of training: Employee orientation, safety, quality, customer service, operations, and sales. Take a look at Figure 1.4 on page 43 for ideas on different types of training provided by companies.) Then, complete a cost-benefit analysis. You will then make a recommendation to the organization on how to proceed with this potential training program. Tables 6.11 and 6.12 provide an example of how to do this. Worksheet: Use the ROI Worksheet for this Assignment. This worksheet is also available in Course Resources.
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Investment
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UNIT 8 RETURN ON INVESTMENT WORKSHEET
Return on Investment (Follow Table 6.11 for costs and 6.12 for benefits and ROI
calculation):
Name: NORT PHARM
Introduction:
NORT PHARM is a medical pharmaceutical organization that has automated
manufacturing with robust quality control systems. The cost of reworks and noncompliance in regard to color, weight and composition parameters influence the cost of
production negatively affecting the company’s bottom line. The cost of reworks also
referred to as cost of non quality include loss of raw materials, labor costs, quality control
costs and lost order due to delays in filling the orders. According to the director of
operations quality issues contribute to a massive 11% of the total overhead costs.
The training program
The training program is a Total Quality management of...
