Introduction Cost benefit analysis is concerned with the theory and application of criteria for investment decision-making. The purpose of this course is to develop an understanding of the principles of cost benefit analysis and to indicate the usefulness and limitations of the method by way of project evaluations and other varied examples on its implementation….
Introduction Disruption is all around us, and it is making its way to every organisation in every industry. For professionals, the opportunity to affect an organisation’s transformation through innovation has never been greater. For organisations, the need to leverage the skills and abilities of their workers has never been more urgent. Knowing how to innovate…
Introduction Line balancing is used to minimise idle time and remove potential bottlenecks within a process. Effective line balancing forms the core of every successful organisation as the strive to increase productivity without incurring unnecessary costs gathers steam. Factors contributing to high costs such as excessive overtime and manpower, high level of inventory and idle…
Introduction Reports are the lifeblood of decision making and monitoring in business. Ideally, they provide relevant, vetted information that allows a reader to easily understand both context and implications and make an informed decision. However, too often, important information is buried and organisation is muddled. And, writing a report can feel like a time-draining burden….
Introduction Business Processing Reengineering (BPR), as defined by Michael Hammer, is the essential re-thinking and radical redesign of business processes to bring about dramatic improvements in critical, contemporary measures of performance, such as cost, quality, service and speed. BPR advocates that organisations return to the basics and reexamine their very roots and aim for total…