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nit 8: Assignment One of the key elements in realizing benefits is the establishment of a baseline. Your book suggests that the completion of metrics is an essential step at the time of modeling the current processes, and it is this baseline from which improvements are measured. In this Assignment, you will apply this concept to your project. You will also carry out a mathematical analysis of a fictional situation and make a determination about success. To help you prepare for the Assignment, please view this Kaplan Math Center video on percentages on “Interpreting Percentage Problems.” For this Assignment, answer the following questions (use the subheadings/numbered questions below to organize your paper): Question 1 – Establishing baselines In Unit 1, you described the goals for the organization and in Unit 2 you described how the process you selected supports the company strategies. In Unit 4, you talked about some specific goals for your project. In Unit 5, you selected metrics that would be used in establishing a baseline. In this unit, revisit the metrics that you selected for your baseline. For each metric, clearly discuss the following: 1) Describe what the metric is. How is it calculated and used currently? 2) What kind of a change in this metric would constitute success for your project? How did you arrive at this figure? If this target change figure is not possible to estimate now, then describe how you would compute it if you were actually carrying out this project. Who would be involved and where would the data come from? Question 2 – Case analysis Read the following case study and answer the questions at the end. In 2009 it was decided that ABC Tire Company would implement a BPM project with the goal to decrease the manufacturing cost per tire and increase revenue from each tire sold. To track the success (or failure) of the project they determined the following baseline data for 2009: Total # of Tires Sold Materials Cost Per Tire Labor Cost Per Tire Average Retail Price Per Tire Average Profit Per Tire 22,594 $21.23 $12.67 $119.00 $85.10 After implementing the BPM project ABC Tire Company reviewed the value of the project after a year and identified the following information: Total # of Tires Sold Total Materials Cost Total Labor Cost Average Retail Price Per Tire 27,669 $672,080.32 $313,280.56 $122.13 Using the data provided above calculate and fill in the following table: Materials Cost Per Tire Labor Cost Per Tire Average Profit Per Tire % Increase or Decrease in Materials cost Per Tire % Increase or Decrease in Labor cost Per Tire % Increase or Decrease in Average Profit Per Tire Address the following questions: 1. Why it is important to ensure baseline data is accurate? 2. Was the project successful? Directions for Submitting Your Project Before you submit your project, you should save your work on your computer in a location and with a file name per the Syllabus naming convention. Make sure your project is in the appropriate format (Microsoft Excel® .xls file/ Microsoft Word document); then, when you are ready, you may submit on the Dropbox page. Grading note: In the grading rubric below, you will see a section on analysis and critical thinking. The points in this section will partly be based on your ability to apply the concepts discussed in your assignment to the specific circumstances and details of the process/organization you selected. Writing in general terms without applying the concepts and analyzing your specific project may get you points in the content section, but you will lose points in the analysis section. Review the grading rubric below before beginning this activity. Assignment grading rubric = 60 points

nit 8: Assignment

 

One of the key elements in realizing benefits is the establishment of a baseline. Your book

suggests that the completion of metrics is an essential step at the time of modeling the current

processes, and it is this baseline from which improvements are measured. In this Assignment,

you will apply this concept to your project. You will also carry out a mathematical analysis of a

fictional situation and make a determination about success.

To help you prepare for the Assignment, please view this Kaplan Math Center video on

percentages on “Interpreting Percentage Problems.”

For this Assignment, answer the following questions (use the subheadings/numbered questions

below to organize your paper):

Question 1 – Establishing baselines

In Unit 1, you described the goals for the organization and in Unit 2 you described how the

process you selected supports the company strategies. In Unit 4, you talked about some

specific goals for your project. In Unit 5, you selected metrics that would be used in establishing

a baseline. In this unit, revisit the metrics that you selected for your baseline. For each metric,

clearly discuss the following:

1) Describe what the metric is. How is it calculated and used currently?

2) What kind of a change in this metric would constitute success for your project? How did

you arrive at this figure? If this target change figure is not possible to estimate now, then

describe how you would compute it if you were actually carrying out this project. Who

would be involved and where would the data come from?

 

Question 2 – Case analysis

Read the following case study and answer the questions at the end.

In 2009 it was decided that ABC Tire Company would implement a BPM project with the goal to

decrease the manufacturing cost per tire and increase revenue from each tire sold.

To track the success (or failure) of the project they determined the following baseline data for

2009:

Total # of

Tires Sold

Materials Cost

Per Tire

Labor Cost

Per Tire

Average Retail

Price Per Tire

Average Profit

Per Tire

22,594 $21.23 $12.67 $119.00 $85.10

After implementing the BPM project ABC Tire Company reviewed the value of the project after a

year and identified the following information:

Total # of Tires

Sold

Total Materials

Cost

Total Labor

Cost

Average Retail Price Per

Tire

27,669 $672,080.32 $313,280.56 $122.13

 

Using the data provided above calculate and fill in the following table:

Materials

Cost Per

Tire

Labor

Cost

Per Tire

Average

Profit Per

Tire

% Increase or

Decrease in

Materials cost

Per Tire

% Increase or

Decrease in

Labor cost Per

Tire

% Increase or

Decrease in

Average Profit

Per Tire

 

 

Address the following questions:

1. Why it is important to ensure baseline data is accurate?

2. Was the project successful?

Directions for Submitting Your Project

Before you submit your project, you should save your work on your computer in a location and

with a file name per the Syllabus naming convention. Make sure your project is in the

appropriate format (Microsoft Excel® .xls file/ Microsoft Word document); then, when you are

ready, you may submit on the Dropbox page.

Grading note: In the grading rubric below, you will see a section on analysis and critical

thinking. The points in this section will partly be based on your ability to apply the concepts

discussed in your assignment to the specific circumstances and details of the

process/organization you selected. Writing in general terms without applying the concepts and

analyzing your specific project may get you points in the content section, but you will lose points

in the analysis section.

Review the grading rubric below before beginning this activity.

Assignment grading rubric = 60 points

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