Approaches to measuring benefits
The types of benefits have previously been categorised as ranging from observable through measurable and quantified to financial. This has been further expanded with a discussion on financial and non-financial benefits related to the ROI and the balanced scorecard. Next we examine a method of calculating projected benefits which links back to the objectives and strategies of the organisations and derives the KPIs.
KPIs provide the important information that tracks the progress of a selected organisation variable such as the average time it takes to pay invoices. They are quantifiable although sometimes the data are not available for a precise figure. KPIs are most useful in helping to visualise ...