"After I have identified a project based on my observations or feedback from the team, I will estimate the benefits based on historical data and an estimate of the effect of the project. Once a conservative estimate of the effects are established, I will create a project cost estimate. After the costs and benefits are understood, I will make a presentation detailing the project's benefits and proposed pay-back period to present to management for approval. Occasionally, there are projects where the fincancial benefit is difficult to measure, in this case I would detail the soft benefits and include in my presentation. "