Struggling with the Calculation of Return on Investment on a Potential Purchase?
Is your company having trouble justifying your return on investment for a new ERP software system?
Surprisingly enough, you are not alone. Given all of the advantageous new technology provides, many organizations struggle with providing a estimated return on investment to support the approval of software expenditures.
White Paper Excerpt
When entering into a new project, one of the first steps the software selection team should complete is the development of a business case. This step is critical because it helps evaluate and support the potential project. Although this is standard practice, many project leaders have found this to be a major stumbling block because it generally requires a calculation of the project’s potential return on investment (ROI). Due to these difficulties, some project managers may even choose to skip this step, and in turn, may fail to obtain the required executive support and funding necessary to complete the project. Determining the project’s potential ROI is imperative in evaluating the overall project worth, and, therefore, determining if pursuing the project is in the best interest of the business.
The Return on Investment Analysis white paper is part of TGI’s Software Selection Tool Kit. To download the complete Software Selection Tool Kit, please click here.
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Return on Investment Analysis white paper.
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