What are the different cost elements involved in implementing a process in an organization? Ans. Below are some of the cost elements involved in the implementing process: * Salary: This forms the major component of implementing any process, the salary of the employees. Normally while implementing a process in a company either organization can recruit full-time people or they can share resources part-time for implementing the process. * Consultant: If the process is new it can also involve consultants which are again an added cost. * Training Costs: Employees of the company may also have to undergo training in order to implement the new process * Tools: In order to implement the process an organization will also need to buy tools which again need to be budgeted for.

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Ashish Verma

01 Jan 1970 05:30 AM study24x7

What are the different cost elements involved in implementing a process in an organization? Ans. Below are some of the cost elements involved in the implementing process: * Salary: This forms the major component of implementing any process, the salary of the employees. Normally w...