Highlights
Introduction:
An overview of your organisation and division or department with emphasis on how value is created in your division/department for the organisation. Share the strategy and purpose of your organisation. Explain the purpose of the assignment.
Cost savings:
Using the HBR When you have to cut cost now article explain why cost management is so important in any organisation. Apply the article to your own department / division in your organisation and recommend a cost saving initiative indicating if it is 10%, 20% or 30% saving and why you believe it would be effective. Please describe
your department and how the cost saving initiative will benefit the organisation. Your recommendation should be innovative and adding value to your department / division.
Cleary identify the costs which will be impacted. Explain your cost saving initiative in detail. Include how your initiative will be implemented. Motivate your initiative by including a cost benefit analysis or Return on Investment calculation. Build a 3 year cost benefit analysis with the net present value (NPV) to show what benefits
will be realised for the business when the initiative is implemented. Explain the benefitsthat will be achieved with the cost savings initiative. Discuss the challenges and how you will overcome these challenges to actually implement the proposed changes.
Conclusion:
Provide a comprehensive argument for your proposed initiative to be implemented based on the researched conducted above. Provide a conclusion of your proposal that summaries the key challenge that is faced in your division / department and the initiative that will overcome these challenges. Provide a comprehensive argument for your cost saving initiative to be implemented based on the researched conducted above. Motivate your answer and the potential to implement this by including the financial as well as non-financial advantages and disadvantages of your proposal.
Share your own learnings from attending the Financial Acumen and completing this assignment.
Logical structure and technical quality
Logical organisation of information and overall technical quality of the document. Reference list
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