INDUSTRIES ABOUT INSIGHTS CONTACT BUSINESS PROCESS STANDARDIZATION: START-TO-FINISH The Lab's two-phased project approach is guaranteed to achieve self-funding business improvement within 5-8 months - start-to-finish. & PHASE I ANALYSIS & DESIGN 6 - 8 WEEKS PHASE II IMPLEMENTATION 4 - 7 MONTHS At the beginning of the Analysis & Design (Phase I), The Lab and the client project management team jointly design the project. The Lab analyzes operations to identify improvement opportunities and delivers a self-funding business case and implementation work plan. STEP 1: SPONSORSHIP Obtain commitment from senior executives capable of ensuring a successful project. Broadly define the organizational scope of the initiative. STEP 2: PROPOSAL DESIGN Design a "frugal footprint" for the project scope that delivers the most benefits for the associated fee. STEP 3: OPERATIONS ANALYSIS Collect and analyze data, conduct interviews, map processes, benchmark performance and document improvement opportunities. STEP 4: IMPLEMENTATION PLAN Quantify the benefits of improvement opportunities, deliver a self-funding business case and design the implementation work plan. RISK REDUCTION The terms of the proposal minimize client risk through fixed pricing, "early-out" options and clear project milestones. RAPID IMPROVEMENTS Clients and The Lab agree on a set of “quick hit” improvements with financial benefits that exceed Phase I fees. TYPICAL PROJECT BENEFITS AT LEAST 15-30% - LABOR SAVINGS INCREASE OF 10-30% - REVENUE PRODUCTIVITY GAIN OF 20-50% - SERVICE IMPROVEMENT 6 MONTHS - SELF-FUNDING POINT 2 - 4X IN YEAR 1 - SIGNIFICANT PAYBACK 0 METHODOLOGY ABOUT INSIGHTS CONTACT SITEMAP CAREERS AT THE LAB COPYRIGHT © LAB CONSULTING PARTNERSHIP, 2021 | ALL RIGHTS RESERVED