Kaplan MT400 unit 8 assignment

Unit 8 Assignment:
Establishing Baselines and Assessing Success

In this Assignment, through
the evaluation of baseline metrics, you will engage in developing the following
professional competencies:
?Analyze quantitative data

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 5 minute Kaplan Math
Center video on percentages: “Interpreting
Percentage Problems.”

In
this Assignment, you are going to evaluate a specific business process based on
criteria detailed below. If you already have selected a business process,
continue using that and skip to the next paragraph. If you have not yet
selected the business process you will use for these Assignments, then
begin by selecting one. E-mail your instructor and clearly describe the
objective of this process, the participants, and the strategic significance for
the company. The business process you select must have a clear beginning and an
end, with identifiable, specific steps. Your instructor will confirm that the
process you selected is suitable, or ask you to select another one.

For this Assignment, answer
the following questions (use the subheadings/numbered questions below to
organize your paper):

Question 1 – Establishing
baselines

To
begin with, list three metrics that you think can help you quantify the
performance of the current process. List and define the metrics clearly,
explain why each metric is important in the assessment of the process and then
give an example of the statistic units. For example, if your metric is “speed
of processing” it may be defined by how quickly each employee audits a tax
form, and the example would be that “on average you would expect 8 tax forms
audited per hour.” If you have already done this in a previous Assignment, you
may copy and paste a summary from that Assignment.

Then, 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) As far as being used as a
justifiable project goal, what kind of a change in this metric would constitute
success? How did you arrive at this figure? If this target change figure is not
possible to estimate now, then describe how you would

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compute it if you were
actually carrying out this project: who would be involved and where would the
data come from?

3) Examine the risks outlined
in Table 21.2. Which is most likely to occur in this process revision? What
actions would you take to address this risk? Be specific to your organization
and selected process when addressing this; do not talk in generalities.

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 following goals:

?
Decrease
the labor cost per tire and

?
Increase
profit from each tire sold by 5%.

To track the success (or
failure) of the project they determined the following baseline data for 2009.

Total #

Materials

Labor

Average

Average

of
Tires

Cost Per

Cost Per

Retail Price

Profit Per

Sold

Tire

Tire

Per
Tire

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

Total Materials

Total
Labor

Average Retail

Tires Sold

Cost

Cost

Price Per Tire

27,669

$533,450.00

$397,555.00

$122.13

Using the data provided
above calculate and fill in the following table (show all your work; completing
the table without the calculations will result in no credit):

Materials

Labor

Average

%

%

%

Cost Per

Cost

Profit

Increase

Increase

Increase

Tire

Per

Per Tire

or

or

or

Tire

Decrease

Decrease

Decrease

in

in Labor

in

Materials

cost Per

Average

cost
Per

Tire

Profit Per

Tire

Tire

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After the table is complete, address
the following questions::

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

2.
Was
the project successful? Why or why not?

Directions for Submitting Your Project

Compose
your Assignment as a Microsoft Word document and save it as Username-MT400 –
Assignment-Unit#.docx (Example: TAllen-MT400 Assignment-Unit 8.docx).
Submit your file by selecting the Unit 8: Assignment Dropbox by the end of Unit
8.

Grading note:In the grading rubric
below, you will see a section on analysis and criticalthinking. 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
for 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
.gif”>.gif”>.gif”>.gif”>
Unit 8 Assignment: Establishing
Baselines and Assessing
.gif”>.gif”>.gif”>
Success
.gif”>

Assignment Requirements

Points

Points
Earned

Possible

by Students

.gif”>.gif”>Content, Focus, Use of Text and Research:

Selected and justified metrics to

0-15

be used for establishing a

baseline.

Calculated the correct values for

0-10

the table in question 2.

Answered the questions

0-5

correctly in question 2.

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Analysis and Critical Thinking
.gif”>.gif”>

Responses demonstrated
critical

0-18

thinking and analysis and

exhibited application of

information.

Spelling, Grammar, APA
Format

Clear business writing.
Spelling

0-12

and grammar are
acceptable.

Effective use of APA.
Followed

the required format and

instructions.

Total

0-60

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