Project Management Research Paper Example | Topics and Well Written Essays - 1500 words

Project Management - Research Paper ExampleStudies show that, a cost-benefit analysis is used by organizations to carry out evaluation of the total projected cost in a project concerning the expected overall(a) benefits in view of the viability of the proposed implementation project. costs unit entry extended Implementation process planning Hours 260 11,245 Labor contract Dollars 16000 16,000 Internal implementation labor Hours 900 38,925 stimulus/ capital cost Dollars 16000 16,000 Implementation cost 82,170 proceeding Operational costs Dollars/Month 1100 1,100 Maintenance cost Dollars/Month 1300 1,300 Proceeding/ongoing monthly costs 2,400 Remunerated implementation cost 1,600 Monthly cost $4,000 For an organization, which is mooting the implementation of an outsourcing payroll service system, the reckon revenue enhancement and cost reductions will shoot increase in employee productivity. This is because the employees have now the time to focus on many productive activities, whi ch is essence, will improve profitability for the company. Concerning cost reduction, the opposite direct way to reduce cost is avoidance of the IRS penalties. These forfeits may come because of improper bookkeeping and outflows. Through the outsourcing services, many companies may greatly avoid such penalties the income rise can be reduced basing on the organizational expenses. This is where the outsourcing services allow employees to launch reimbursement claims over the internet or online, which more beneficial and time is saving. On the other hand, indirect revenue enhancement may involve the process of building brands in other countries brand extension. In essence, this may be a case where the outsourced company uses and features the partner companys logo branding this allows the company to show case the company name and the logo in all customer and employee accessed pages. The best technology employment is one of the indirect methods of cost reduction. It could profit trivial industries, with less expertise fortes. To this end, there are risks associated with the implementation of a impertinent payroll system in an organization. According to findings, any implementation process carries with it some degree of risks. This calls for a risk plan to be include in the implementation process. In most cases, the focus of registers has been on the technology its functionality and the influence its failure may create on the overall project. The common risks associated with new payroll systems is, the repercussions when the system fails to deliver a live operation by a particular time the perceived contingence plan in place. The other risk is the change impact of organizational and political consequences associated with the movement from an old payroll model or system to the new system where the HR function becomes more neglected. To address these risks, studies indicate that, most new systems are designed while employing best practice model. This requires great responsibility for systems and their ownership within the adult male resource this allows the transfer of data being processed within the human resource payroll department, however, its working, majorly relies on the project requirements. It is only significant then to consider how to manage the interface process involving two parts of one organization with different requirements. In has been found that, in situations where there exists integrated systems, which have non been part of the operational culture or life of the human resource