Process Improvement is a series of actions taken to identify, analyze and improve existing processes within an organization to meet new goals and objectives. These actions often follow a specific methodology or strategy to create successful results.
We strongly believe that something that cannot be measured, cannot be improved.
Keeping this in mind, we provide services to measure the current performance of the clients and compare them with the benchmark in the industry. Based on the analysis of the results obtained thereof, we suggest measures to improve the performance of the business process under scrutiny. These business processes are chosen in such a way that they have the maximum impact on the final value delivered to the Client. This way, our Client would be able to improve the bottom line of his margin on which he operates.
|Cost Effectiveness Improvement
What is cost effectiveness?
Cost effectiveness is to get more output for the same dollar that you invest in your business process. Cost effectiveness can be directly related to your profits. Latest techniques developed on the lines of BPM and six sigma can be used to greatly enhance the cost effectiveness of your business processes.
Sometimes decision makers are only concerned with the negative changes in stakeholder value or the opportunity costs of each project or policy alternative. This often occurs when each alternative has the same expected benefits, or it is not possible to obtain meaningful estimates of positive changes in stakeholder value. In this case, cost-effectiveness analysis is used to compare the opportunity costs of each alternative. Essentially, the cost-effectiveness approach looks for the alternative that represents the cheapest (i.e., least expensive opportunity cost) way to achieve the project or policy objectives.
How we can help
Cost-effectiveness analysis starts from a problem and a set of proposed solutions. The cost and effectiveness of each of these alternative solutions are estimated and the results for each potential solution compared.