Homework: ROI Implementation
ROI is one of the most common financial measuring tools. Being able to calculate the ROI or expected ROI allows us to make the best decisions about where to invest our funds for the most return on our investment over time.
Part A
Using the numbers in Course Scenario: Phoenix Fine Electronics, which was provided in Week 1, calculate the estimated ROI for an ERP implementation.
Calculate the estimated productivity as a result of implementing ERP system.
Note: If you need help calculating ROI, review this week's activity, LinkedIn Learning: Content Marketing ROI by Honigman.
Part B
Complete your business case to present to the management team of Phoenix Fine Electronics. Incorporate your analysis and instructor feedback from the previous week's assignments. Include the following in your final business case:
a) Executive summary
b) High-level overall business needs and desired outcomes
c) Scope of project
d) Measurable values of new system
e) An explanation of the strategic alignment
f) Estimated ROI and productivity (from Part 1)
g) Final recommendation
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.