Explain how to estimate costs and benefits

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Reference no: EM133027206

1. What approaches to justifying this investment might Sylvia consider?

2. What are some of the costs and benefits involved in this investment in an HRIS? Which would you be sure to include in your CBA of thisproject and why?

3. Explain how to estimate costs and benefits, both direct and indirect, interms that Jim will understand. (Remember, Jim always has his eye on the "bottom line.")

4. Explain how to calculate a CBA to justify the HRIS project. Would you use cost reduction or organizational enhancement (or both) as a strategyfor justifying the purchase?

5. What are the three common problems that could occur in your CBA foran HRIS? How would you avoid them?

6. What are some of the ways you can use the HR metrics that would beavailable after the implementation of an HRIS to justify its purchase?

7. Finally, and most important, explain how variance estimates that can begenerated for a CBA would be useful to Jim in the management of his company.

Reference no: EM133027206

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