Key Deliverables

  - Control Phase Poster: A presentational aid on how NAWCTSD can continue to use the senior design team’s data visualization in future training to maintain the ROI method established
  - Control Phase Report: An extensive report to conclude how all project objectives were met and how to sustain them throughout future collaboration events
  - Spring Team Website: A summary of how all technical requirements were accomplished according to the proposed timeline and what work was completed by each team member

Major Findings

Risk Management SWTO Analysis

The table above shows the risks that are associated with completion of this project: 
(Impact level - Probability of the threat happening)
  H= High M= Medium L= Low 
The table displays positive and negative risks associated with successful completion of this project. Below is a list of strategies taken for each risk presented in the weaknesses, opportunities, and threats of the project. 
§ Weaknesses that may be present when completing this project:
  a) Difficulty turning non-monetary values into a return on investment: Typically, a return on investment is calculated by monetary values, but in this case, it is a not-for-profit project. The team has investigated other solutions such as creating their own currency
  b) Lack of previous data collected: The team plans to fix this weakness by utilizing the PALT cost data provided to the team from the sponsor 
c) Only data collected correlates with attendance of participants: The team plans on analyzing the given data to discover any trends and determine if the data can be used in the calculation of the return on investment
  § Opportunities that may be present when completing this project: 
a) Present a research paper at the I/ITSEC conference (H-M): The team would like to submit the project to be presented at the I/ITSEC conference. This would allow the team to present its findings to other industries and share the results 
b) Large control over the direction of the current process (H-H): The team will research different topics on how to determine the return on investment in collaboration. This will direct the team in the correct direction when determining how to move forward when solving this project 
c) Can collect new types of data (H-H): The team will utilize this opportunity to create a survey that will collect new information pertaining to the participants and how they feel about collaboration between their company and the U.S. Military 
d) Create a new process for calculating the return on investment in military training collaboration (H-M): The team will standardize the process of determining the return on investment for collaboration and hand it over to NAWCTSD to use in the future
  § Threats that may be present when completing this project:
  a) The current data that has been provided is very limited and does not present a lot of information (H-M): The team will use the attendance data to its fullest capacity to determine if it will be useful when calculating the return on investment 
b) Limited time due to the number of conventions that occur yearly (M-M): The team will strictly follow the schedule to ensure that all data can be collected in a timely manner

Controlling the New Process
 from Start to Ending Boundary

Overall for this project, relevant collaboration data and previous project research papers were provided primarily by the stakeholder, Mrs. Cassie Muffley. The data provided included attendance from past collaboration events and data related to any costs produced from collaborating with private industry. The FSU Library, specifically the FAMU-FSU College of Engineering Library,also provided information through scholarly articles related to conducting an ROI analysis with non-monetary values and other relevant educational topics. The project does not require additional funding or equipment to process analytical data. The project produced data collection recommendations for NAWCTSD so they can continue to improve their ROI analysis after the project was concluded. NAWCTSD successfuly received an establised ROI cost data analysis with visualizations for future training purposes. The team suggests that due to showing a positive return-on-investment between military and private industry, the military should put more resources towards this type of innovative collaboration. This will result in more contracts available for Team Orlando industry partners as well as other industry partners from similar collaboration projects within the military. 
This will encourage more jobs and money in the local community 
that positively attributes to economic growth for both civilian and miliatry lives.

Controlled Methodolgy in
 ROI Analysis for PALT Events

To calculate the ROI analysis for PALT events the team first calculated the annual cost to host the events. The team was told that the only cost associated with hosting the event was the time 11 individuals took to host the event. Each individual spent approximately 1 hour on each event and their annual salaries were $100,000. The team was also told by the sponsor that each employee cost’s the company 150% of their salary when considering things like paid time off, health insurance, etc. Using this information, the team found that the hourly rate for each worker was $75/hr meaning each event would cost $825, giving an annual cost of $4,950 to host PALT Events. The team then went about calculating the annual cost of the alternative method, hiring an administrative assistant to answer all questions that would have been asked at the PALT events. Using an online matrix that shows salary based on job level in the US Navy, it was determined that the administrative assistant would cost $38/hr. The team then estimated that the assistant would spend 112.5 hours answering questions over the course of two months resulting in a bimonthly cost of $4,275 and an annual cost of $25,650. With these numbers the team concluded that the ROI of hosting PALT events rather than hiring an administrative assistant to answer questions would be $20,700 annually.