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Using ROI to Prove the Benefits of Your Optimal System Design
Securing the go ahead for a system upgrade can be difficult in a competitive work environment, where every cost must be accounted for and validated. Getting your project noticed and approved when it’s lost among a sea of competing projects—each one making a claim on finite resources—can seem an impossible task.
One beneficial metric to use to demonstrate a system design or upgrade’s worth is return on investment (ROI). Return on investment analysis is critical in gaining upper management support for projects that require significant investment. In this article, we will look at what ROI is, how it’s calculated, and most importantly, how it can be used to prove the worth of an optimal system design or upgrade.
One beneficial metric to use to demonstrate a system design or upgrade’s worth is return on investment (ROI). Return on investment analysis is critical in gaining upper management support for projects that require significant investment. In this article, we will look at what ROI is, how it’s calculated, and most importantly, how it can be used to prove the worth of an optimal system design or upgrade.
A lesson for me is that I need to involve you earlier in the program.
You were tireless in your support and it will not be forgotten!