| |
Jefferson
uses
a methodology to explicitly quantify expected Cost Savings of projects and
current processes. The proprietary Turnbuckle™
methodology specifies the step-by-step procedure necessary to develop highly
accurate Cost Savings models. This
approach delivers a vertically integrated perspective that includes individual
project and initiatives, as well as providing program level management
capabilities.
These
highly accurate Cost Savings models provide a method to:
-
Dramatically
increase the precision of Cost Savings estimates.
-
Incorporate
a statistical approach to testing and verifying expected Cost Savings.
-
Calculate
highly accurate ROI and other project valuation metrics.
-
Conduct
“program management”, to ensure that the portfolio of
projects/initiatives is optimized
-
Ensure
that expected Cost Savings are actually realized.
-
Document
the change management activities required to achieve the specified
savings.
Since
Cost Savings models are used to set direction, compare projects, establish
priorities, determine capital investments, minimize opportunity costs,
etc., it is imperative that the data driving these decisions is as
accurate as possible. The Turnbuckle™ methodology provides a statistically accurate method for forecasting
Cost Savings. These resulting
models are hierarchical in nature, which enables results to be presented
at any level of detail.
Additionally,
the models are constructed so that they are easily maintained over time
providing the means to keep the models current as the environment and
underlying assumptions change. By
keeping the models up to date, client management can determine the
relative priorities of the projects, continually optimize the project
portfolio, and ensure that expected results are actually achieved.
As
a government
organization selects potential Cost Savings opportunities, applying the Turnbuckle™
methodology provides the means to explicitly quantify the expected Cost
Savings from each of the candidate initiatives and track the changes to
those expected savings over time. This
enables government
to optimize the portfolio of Cost Savings
initiatives, maximizing the value of the efforts to citizens.
|
