Business Information Management II

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Goals for This Lesson Students will complete a business project Students will analyze the effectiveness of their project Students will evaluate their project team 3Copyright © Texas Education Agency, All rights reserved.

Analyzing the Project Conduct a SWOT Analysis Strengths-advantages Weaknesses-disadvantages Opportunities-new developments or innovations Threats-obstacles Change plans as necessary depending upon the analysis 4 Copyright © Texas Education Agency, All rights reserved.

Evaluating the Team Effort Project Retrospective – used to evaluate : Group planning Staying on schedule or not What worked and what didn’t work If changes were effective Personal Retrospective – used to evaluate: your own contributions to the project As well as your team members’ contributions 5 Copyright © Texas Education Agency, All rights reserved.

Cost-Benefit Analysis Costs can be tangible: Monetary costs of supplies Costs of equipment Costs of space rental, if applicable Costs of advertising (paper, ink, printing services) Or Intangible: Opportunity costs of the team members’ time spent on the project Overall stress level, depending upon how well the project was implemented 6 Copyright © Texas Education Agency, All rights reserved.

Cost-Benefit Analysis (continued) Benefits can also be Tangible: Profit from an event Increased business Or Intangible: Goodwill Improved morale Team-building 7 Copyright © Texas Education Agency, All rights reserved.

Assignments Students will each conduct a SWOT analysis for their particular project. They may create a table in Word or any application that works for the student. They may use templates in businessballs.com or create their own form, and they should include at least 5 criteria for strengths, weaknesses, opportunities, and threats. Students will complete a Project Retrospective form using the HP template or create their own. Students will also complete a Personal Retrospective form using the HP template or create their own. Students will create a Cost-Benefit Analysis using any Microsoft application to compare tangible and intangible costs and benefits of the project. 8 Copyright © Texas Education Agency, All rights reserved.