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What is the potential cost savings from implementation of a new management system

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What is the potential cost savings from implementation of a new management system

As a leading technology and engineering company, EngineeringCo is always striving to improve their operations efficiency. One of the ways doing this is eliminating lost time and guiding the saved hours into more value adding work. In practice this is done by introducing a new management operating system with concrete value targets to tackle inefficiencies in three main activities: meetings, email culture and escalation management.

As a leading technology and engineering company, EngineeringCo is always striving to improve their operations efficiency. One of the ways doing this is eliminating lost time and guiding the saved hours into more value adding work. In practice this is done by introducing a new management operating system with concrete value targets to tackle inefficiencies in three main activities: meetings, email culture and escalation management.

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What is the potential cost savings from implementation of a new management system

  1. 1. What is the potential cost savings from implementation of a new management system? M A R K E T R E S E A R C H , I T I N D U S T R Y
  2. 2. KEY STATS Efficiency rate Potential cost saving opportunity identified 5X 2.4M€
  3. 3. PROBLEM New Management Operation System (MOS) at EngineeringCo improved defficiency of project operations. But management wanted to estimate the monetary cost realizations from this system before rolling it to organization. Goal was to determine the monetary value potential of the new MOS and create a tool for measuring the realized
  4. 4. APPROACH – PHASE I Organization-wide survey It provided crucial data points for calculations of current inefficiencies Frequency data on issues in three improvement categories: meetings practices, email culture, and escalation management. Aggregate magnitude of the inefficiencies and lost time.
  5. 5. APPROACH – PHASE II Interviews with Project experts & project documents analysis This was conducted to understand, how and how much is the new MOS decreasing the inefficiencies and eliminating lost time. This was done by: Linking the aggregate lost time to specific efficiency issues and calculating the frequency of issues after MOS implementation.
  6. 6. APPROACH – PHASE III Calculation of monetary value potential and tool creation Data from survey, interviews, and project documents gave a final calculation which includes Annual monetary value targets for 2021- 2025. An Excel tool for measuring the realized value at the end of each year. Additional value potential of further expanding the MOS
  7. 7. RESULT Sprintly team successfully provided the monetary value for the management operating system and tool to measure the realized value. This enabled EngineeringCo to easily monitor the changes on a yearly basis. They gained a better understanding of current project work and were able to further drive performance towards the target.
  8. 8. Effectively manage key operational activities with our expertise L A U N C H A P R O J E C T W I T H U S W R I T E T O U S

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