Big Data

How To Find The Best ROI

Download Now Date Added: Jan 2010
Format: HTML

The current economic climate dictates that companies must invest in projects that bring the greatest return. The authors of this paper recommend the following steps to realize the quickest and biggest return on your business and IT investments. This paper suggests some tips to find best ROI. Identify Key Performance Indicators (KPI's) that support your business goals and objectives KPI's should be indicators that drive behavior to achieve the business goals and objectives. The KPI's must be quantifiable. Use the financial ROI models preferred by your finance department. These models include; return on investment (ROI), Net Present Value (NPV), Internal Rate of Return (IRR), payback period.