Project Management
Project Management
Name
Teacher
Class
Date
Abstract
In human resources at some point in time a company may change its processes of how things have been done, add a new policy, or implement a new type of software. This paper will discuss a company considering replacing its internal payroll system with a payroll outsourcing service. It will demonstrate certain risks are associated with the change and how to minimize them. The writer will also Compare the advantages and disadvantages of using a Gantt chart versus using the Performance evaluation and review technique (PERT) and critical path method (CPM) when managing projects. Lastly, receiving feedback from potential users of the new system and how to deal with those who may be against the change will be discussed.
Construct a Cost-Benefit Analysis matrix for an organization that is considering replacing its internal payroll system with a payroll outsourcing service. Include direct and indirect revenue enhancements and direct and indirect cost reductions.
When an organization is considering to make changes, such as replacing its internal payroll system with a payroll outsourcing service, there are a lot of decisions that need to be made. Often during business planning and decision support, businesses utilize a cost benefit analysis. This is a process that is used to analyze business decisions that need to be made. The cost benefit analysis approach estimates and totals up the equivalent money value of the benefits and costs of different projects or opportunities as a way to establish whether they are worth completing. When trying to replace internal payroll systems with an outsourcing service, the company needs to see if it is beneficial to do so by comparing costs to benefits. Larger companies can more than likely afford to maintain internal payroll systems, but utilizing payroll outsourcing services is ideal for small to medium sized organizations (Hirschman, 2015). Revenue enhancements for outsourcing payroll
Name
Teacher
Class
Date
Abstract
In human resources at some point in time a company may change its processes of how things have been done, add a new policy, or implement a new type of software. This paper will discuss a company considering replacing its internal payroll system with a payroll outsourcing service. It will demonstrate certain risks are associated with the change and how to minimize them. The writer will also Compare the advantages and disadvantages of using a Gantt chart versus using the Performance evaluation and review technique (PERT) and critical path method (CPM) when managing projects. Lastly, receiving feedback from potential users of the new system and how to deal with those who may be against the change will be discussed.
Construct a Cost-Benefit Analysis matrix for an organization that is considering replacing its internal payroll system with a payroll outsourcing service. Include direct and indirect revenue enhancements and direct and indirect cost reductions.
When an organization is considering to make changes, such as replacing its internal payroll system with a payroll outsourcing service, there are a lot of decisions that need to be made. Often during business planning and decision support, businesses utilize a cost benefit analysis. This is a process that is used to analyze business decisions that need to be made. The cost benefit analysis approach estimates and totals up the equivalent money value of the benefits and costs of different projects or opportunities as a way to establish whether they are worth completing. When trying to replace internal payroll systems with an outsourcing service, the company needs to see if it is beneficial to do so by comparing costs to benefits. Larger companies can more than likely afford to maintain internal payroll systems, but utilizing payroll outsourcing services is ideal for small to medium sized organizations (Hirschman, 2015). Revenue enhancements for outsourcing payroll