Tag Archives: benefit

Best Practices

Best Practices

A Best Practice is that practice that has been proven to achieve the best results. It represents creative solutions to common problems and has the potential to be replicated internally and externally. Companies are able to learn from other successful organizations by adopting their best practices without the need to reinvent the wheel. Companies can also develop and share their own best practices and innovative solutions. Read more »»

Cost Benefit Analysis Template

The Cost-Benefit Analysis provides a way to decide which proposed option or project is the most valuable. This template will allow decision makers to compare among several solutions or projects and select the one that offers the greatest return against the cost of implementation. For simplicity, the analysis results here are expressed as a payback period and as a benefit-cost ratio, assuming that all projects are short-term in nature.

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Project Closure Template

As part of the process of ending a project, Project Closure is a stage that often attracts less attention. It is a formal documentation that enables to assess the project outcome against its initial objectives. It is an important part of the overall project life-cycle and the bookend to the Project Charter. At this stage, a formal acceptance from the main stakeholders is gained to indicate their sign-off on the project.

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