Understanding the expected return on investment (ROI) for your next IT project is a critical step in getting initial budget approval as well as tracking and reporting on the project after deployment. However, understanding ROI can be complicated, especially when looking at “soft” measurements such as time saved.
There is no single mathematical formula that is going to tell you how much money is being saved or gained by installing a new videoconferencing system in your boardroom (for example). You might save money on bandwidth usage, as well as save money on time to set up the system before a conference call, as well as gain money from sales made through videoconferencing that were once only able to be made on site. Unfortunately, it can be challenging to assign hard numbers to these benefits.
Our new download, “How-To Guide: Tracking ROI for IT Projects” details some of the common approaches and considerations for determining the return on your investment. It details:
• Estimating ROI before the project starts
• Using ROI data to gain initial approval for your project
• Tracking ROI once the project is completed
Download your copy today to simplify tracking ROI for your next IT project.