114. What would be the goal or target for a Compensation and Benefits Review’s improvement team?
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115. What are the requirements for audit information?
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116. Who is gathering Compensation and Benefits Review information?
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117. How do you gather Compensation and Benefits Review requirements?
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118. When is the estimated completion date?
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119. What knowledge or experience is required?
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120. Has a Compensation and Benefits Review requirement not been met?
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121. Is the team adequately staffed with the desired cross-functionality? If not, what additional resources are available to the team?
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122. What is the scope of the Compensation and Benefits Review effort?
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123. Is there regularly 100% attendance at the team meetings? If not, have appointed substitutes attended to preserve cross-functionality and full representation?
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124. What happens if Compensation and Benefits Review’s scope changes?
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125. Are approval levels defined for contracts and supplements to contracts?
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126. What are (control) requirements for Compensation and Benefits Review Information?
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127. What constraints exist that might impact the team?
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128. Has everyone on the team, including the team leaders, been properly trained?
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129. Are accountability and ownership for Compensation and Benefits Review clearly defined?
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130. Are the Compensation and Benefits Review requirements complete?
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131. What is a worst-case scenario for losses?
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132. What Compensation and Benefits Review services do you require?
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Add up total points for this section: _____ = Total points for this section
Divided by: ______ (number of statements answered) = ______ Average score for this section
Transfer your score to the Compensation and Benefits Review Index at the beginning of the Self-Assessment.
CRITERION #3: MEASURE:
INTENT: Gather the correct data. Measure the current performance and evolution of the situation.
In my belief, the answer to this question is clearly defined:
5 Strongly Agree
4 Agree
3 Neutral
2 Disagree
1 Strongly Disagree
1. How do you aggregate measures across priorities?
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2. How is performance measured?
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3. What are the uncertainties surrounding estimates of impact?
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4. Where is the cost?
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5. How can you measure Compensation and Benefits Review in a systematic way?
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6. Was a business case (cost/benefit) developed?
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7. Are there any easy-to-implement alternatives to Compensation and Benefits Review? Sometimes other solutions are available that do not require the cost implications of a full-blown project?
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8. How can you reduce costs?
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9. How do you quantify and qualify impacts?
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10. What is an unallowable cost?
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11. Among the Compensation and Benefits Review product and service cost to be estimated, which is considered hardest to estimate?
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12. What are hidden Compensation and Benefits Review quality costs?
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13. Are there competing Compensation and Benefits Review priorities?
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14. How will costs be allocated?
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15. What happens if cost savings do not materialize?
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16. How will measures be used to manage and adapt?
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17. Do you aggressively reward and promote the people who have the biggest impact on creating excellent Compensation and Benefits Review services/products?
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18. What are you verifying?
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19. What is the total fixed cost?
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20. How will your organization measure success?
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21. Are you taking your company in the direction of better and revenue or cheaper and cost?
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22. What is your decision requirements diagram?
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23. What does your operating model cost?
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24. How will success or failure be measured?
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25. What are the strategic priorities for this year?
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26. Have you made assumptions about the shape of the future, particularly its impact on your customers and competitors?
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27. Are missed Compensation and Benefits Review opportunities costing your organization money?
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28. Will Compensation and Benefits Review have an impact on current business continuity, disaster recovery processes and/or infrastructure?
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29. Does a Compensation and Benefits Review quantification method exist?
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30. How do you measure variability?
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31. Does management have the right priorities among projects?
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