What are the different cost elements involved in implementing a process in an organization?

Answer

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.