Benefits
OAKS
business benefits have been calculated over a five-year period beyond the full
implementation of
OAKS, although initial benefits begin occurring in fiscal year 2006. The benefits to the state would be higher should the
analysis be carried out over a longer period.
As discussed
more later in this presentation, the business case provides detailed information about two kinds of
benefits — intangible and tangible — and about a variety of potential cost avoidance
savings.
Tangible Benefits are those for which a dollar savings can be
calculated
Intangible Benefits are not quantified in the business case either because
of the difficulty in attaching meaningful
dollar values to such broad, transformational achievements or because the state is not currently tracking the related
information
Status Quo Cost Avoidance Benefits represent a summary calculation of the cost to be incurred by the state is OAKS is not implemented
.