Homework: ROI of Implementation
ROI is one of the most common financial measuring tools. Being able to calculate the ROI or expected ROI allows us to make the best decisions about where to invest our funds for the most return on our investment over time.
Part I
Using the numbers in Course Scenario: Phoenix Fine Electronics, which was provided, calculate the estimated ROI for an ERP implementation.
Calculate the estimated productivity as a result of implementing ERP system.
Note: If you need help calculating ROI, review this activity, Lynda.com: Content Marketing ROI by Honigman.
Part II
Complete your business case to present to the management team of Phoenix Fine Electronics. Incorporate your analysis and instructor feedback from the previous homework. Include the following in your final business case:
1) Executive summary
2) High-level overall business needs and desired outcomes
3) Scope of project
4) Measurable values of new system
5) An explanation of the strategic alignment
6) Estimated ROI and productivity (from Part 1)
7) Final recommendation
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.