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Topics: New Practitioners, Portfolio Management, Risk Management
Tool: change in project - business benefit and cost of change
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What would you suggest would be the best tool or template in the following scenario?

A longterm project 3years(target completion 2020) is on track and will mostly remain on track, however, an accreditation project is influencing a change to the long-term project. The rationale being - they are similar enough in a specific tasks or area to satisfy both projects.

Problem, this will move this piece of the original project earlier by 6 months. I am looking for a tool to be able to weigh the business benefit, risk and cost of change.
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Lisa -

While you could use MS Project to understand the schedule implications which could give you cost impact info, benefits would only be calculated via an MS Excel model or something similar, and risks would need to first be identified and then assessed.

Kiron
Network:93



Lisa
If you want to make a cost benefit analysis (or benefit cost analysis) by considering the tangible and intangible factors you can review this example

https://www.projectcubicle.com/cost-benefit-analysis-example/

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