What is the ActionMap ROI?
(Return on Investment)
(Return on Investment)
ROI for the ActionMap Toolkit has several components:
Reduced number and duration of meetings = reduced meeting costs
- Process change often requires an extended series of meetings in order to get to strong commitment on an effective solution.
- The ActionMap Toolkit reduces the number of meetings required in such a series.
- Suppose meetings cost $100 each (5 people times $40/hour for one hour), and suppose that each time you use the Toolkit it reduces the number of meetings in a series by one meeting.
- In that scenario each use of a Toolkit subscription saves you $200.
Shorter time to benefit = more total benefit
- By accelerating problem solving, consensus building and decision making, ActionMap shortens project timelines, which starts the realization of project benefits sooner.
- That creates a longer period of time of realizing benefits, resulting in more total benefit, and greater project ROI.
- Suppose your expected project benefit is $10,000 per month. If project implementation is accelerated by one month due to better faster decision making, the benefit is $10,000.
Reduced project elapsed time = reduced project costs
- Projects have a run rate cost whether progress is being made or not.
- Reducing the calendar time required for project decision-making phases can reduce the total project calendar time, which in turn reduces overall project costs.
Faster realization of opportunity = more frequent realization of opportunity
- Many projects, sales and staffing opportunities have both competition for resources and limited time windows for action.
- By accelerating solutions development, ActionMap increases the chances of realizing those opportunities before the people and funds are diverted elsewhere.
- While that will make a difference only part of the time, it does support a higher percentage of opportunities being realized overall.
Expanded staff capacity = increased organizational productivity
- The ActionMap Toolkit amplifies individual contributors’ capabilities for learning and communicating process-related information.
- This both upgrades skill levels, allowing existing staff to do more, and reduces the time required for those activities.
- The result is an overall increase in the organization’s ability to create value without proportionately increasing costs.