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Cost
                                            Justifying
                                            ROI for
                                            Mobile
                                            Solutions

  
Presenting a business case with a solid ROI for a mobile strategy in helping workers do
business better is sometimes difficult to do. Cost-justifying mobile solutions is not a
simple mathematical formula as there are many factors you need to include in properly
assessing mobility.


When dealing with ROI, there are the hard costs and
savings that need to be assessed. For costs, these
include the actual cost of new devices and applications
and the network and service costs in maintaining the
equipment. For savings, you also should include the
reductions in any operational or infrastructure costs
that may result including possible savings in reduced
staff.




                   A very important part of the ROI that should be included is the
                    proper costs both dollars and personnel in deploying wireless
                      equipment, the time and cost in properly training mobile workers
                       and the amount of work needed in the change management for
                         introducing new technology and services. In project terms, it
                           is the scope, time and cost of the project. It is imperative that
                             organizations understand that there are changes to your
                               work process when introducing mobile solutions and
                                these should be properly determined and managed.
It gets tricky when trying to incorporate 'soft' savings to
                                 justify investment in mobile solutions. To be sure, there
                                 are savings in increased productivity, improved
                                 customer satisfaction and better data quality (reduced
                                 human error). There is also employee satisfaction in
                                 having the right tools available to do business when
                                 mobile and staff retention. Some organizations have
                                 calculated increased revenues with reducing 'dead
                                 time' for traveling, better collaboration in working
remotely, faster decision-making and being able to reduce customer complaints faster.
But to incorporate these soft savings in an ROI might be difficult to substantiate. It's
certainly good to have this as support in your business case but it is harder to quantify.

For a sufficient ROI payback, consider 18 to 24 months as viable. There are increased
revenues and cost savings with adopting new mobile technologies into the workplace
and this has been true across vertical markets as mobility is on the rise. However, you
need a detailed business rationale for adopting mobile solutions and a detailed ROI and
business case is needed in most cases.

It is suggested that the total DNA costs (device, network
and application) be understood and included in the ROI.
The mobile devices include the physical equipment and
yearly maintenance and service costs. The network should
include all the wireless charges of the service provider
(their contracts are historically difficult to decipher but
necessary). And the application should be inclusive of
training and support. Careful analysis of all these costs will
ensure a proper ROI for your company.

At cpandr Consulting, we have experience in evaluating the true costs and savings in
deploying mobile solutions. We can also help with the qualitative analysis of what
devise, network and applications are best suited for your business. And we can manage
your deployment by assisting in the rollout with dedicated project management while
you do your business. We'd love to help wherever we can.


    
                   Reprinted with permission, cpandr Consulting
                            www.cpandr.blogspot.com
                                  416 768 3874

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Our services

  • 1. Cost Justifying ROI for Mobile Solutions   Presenting a business case with a solid ROI for a mobile strategy in helping workers do business better is sometimes difficult to do. Cost-justifying mobile solutions is not a simple mathematical formula as there are many factors you need to include in properly assessing mobility. When dealing with ROI, there are the hard costs and savings that need to be assessed. For costs, these include the actual cost of new devices and applications and the network and service costs in maintaining the equipment. For savings, you also should include the reductions in any operational or infrastructure costs that may result including possible savings in reduced staff. A very important part of the ROI that should be included is the proper costs both dollars and personnel in deploying wireless equipment, the time and cost in properly training mobile workers and the amount of work needed in the change management for introducing new technology and services. In project terms, it is the scope, time and cost of the project. It is imperative that organizations understand that there are changes to your work process when introducing mobile solutions and these should be properly determined and managed.
  • 2. It gets tricky when trying to incorporate 'soft' savings to justify investment in mobile solutions. To be sure, there are savings in increased productivity, improved customer satisfaction and better data quality (reduced human error). There is also employee satisfaction in having the right tools available to do business when mobile and staff retention. Some organizations have calculated increased revenues with reducing 'dead time' for traveling, better collaboration in working remotely, faster decision-making and being able to reduce customer complaints faster. But to incorporate these soft savings in an ROI might be difficult to substantiate. It's certainly good to have this as support in your business case but it is harder to quantify. For a sufficient ROI payback, consider 18 to 24 months as viable. There are increased revenues and cost savings with adopting new mobile technologies into the workplace and this has been true across vertical markets as mobility is on the rise. However, you need a detailed business rationale for adopting mobile solutions and a detailed ROI and business case is needed in most cases. It is suggested that the total DNA costs (device, network and application) be understood and included in the ROI. The mobile devices include the physical equipment and yearly maintenance and service costs. The network should include all the wireless charges of the service provider (their contracts are historically difficult to decipher but necessary). And the application should be inclusive of training and support. Careful analysis of all these costs will ensure a proper ROI for your company. At cpandr Consulting, we have experience in evaluating the true costs and savings in deploying mobile solutions. We can also help with the qualitative analysis of what devise, network and applications are best suited for your business. And we can manage your deployment by assisting in the rollout with dedicated project management while you do your business. We'd love to help wherever we can. Reprinted with permission, cpandr Consulting www.cpandr.blogspot.com 416 768 3874