managers and training staff 1.4. Justification This section justifies why the re
ID: 3908267 • Letter: M
Question
managers and training staff 1.4. Justification This section justifies why the recommended project should be implemented and why it was selected over other alternatives. Where applicable, quantitative support should be provided and the impact of not implementing the project should also be stated The migration of payroll and other administrative functions from the legacy mainframe system to the web-based platform will result in greater efficiency with regards to company resources and business processes. The WP Project is also aligned with corporate strategy and objectives since it uses technology to improve the way we do business. While other alternatives and the status quo were analyzed, the WP Project was selected for proposal in this business case because it provides the best opportunity to realize benefits in an expedited manner while also allowing for the greatest improvement in efficiency and cost reduction. Other alternatives assumed greater risk, provided less benefits, were too difficult to define, or were not suitably aligned with current corporate strategy and/or objectives Initial estimates for the WP Project are: 15% reduction in overhead costs in the first 12 months 10% decrease in employee turnover in the first 12 months in time to generate weekly and monthly financial reports 25% immediate decrease in the amount of time it takes to resolve payroll issues 9144 9 6Explanation / Answer
Answer)
The WP project will replace the existing legacy mainframe application and address the business problems. This will include what the project will do and the process and how it will change and benefit the business and project.
The legacy payroll and administration system has to be replaced and WP will analyze the products to replace the existing system to do so. Thus an existing product of WP should be reviewed and analyzed and then replace the products of the legacy mainframe application for payroll and administration. Because of the autonomous process of the new developed software and application, there will be less burden on the managers to manage the process of the business and the streamlined administrative and payroll process. This new system or application will thus result in greater efficiency and make more utilization of the company resources and business processes. WP project is also aligned to the business strategy and improving the way of business. Among all the other alternatives, WP Project was chosen as it provides the best opportunity to realize benefits and also allows improving efficiency and cost reduction. The other alternatives we rejected as they provided greater risk, and less beneficial in the interest of the company and objectives.
WP Project was chosen by the below numeric estimate of the profits and useful efficiency:
a) 15% reduction in overhead costs for first 12 months
b) 10% decrease in employee turnover for first 12 months
c) 50% decrease in time to generate weekly and monthly financial reports
d) 25% decrease in time to resolve payroll issue.
Thus, where time is money, WP system directly affects the business saving both time and money and generating more efficient business.
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