Download PDF by Phillips P.P., Burkett H.: Data Conversion: Calculating the Monetary Benefits

By Phillips P.P., Burkett H.

This e-book tackles the 3rd significant problem and the second one such a lot tricky step within the ROI technique: changing facts to financial values. whilst a selected venture or application is attached to a company degree, the subsequent logical query is: what's the financial worth of that impression? For ROI research, it truly is at this serious aspect the place the financial merits are built to match to the prices of this system to calculate the ROI. contains: the significance of changing information to financial price; initial concerns; general values: the normal values: the place to discover them; utilizing inner specialists, utilizing exterior databases; linking with different measures; utilizing estimates; whilst to desert conversion efforts and go away information as intangible, examining the intangibles; and reporting the intangibles.

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82% JWSF015-Philip November 29, 2007 13:44 Use Standard Values the components that went into the calculation of the net profit per loan. The first step was to determine the yield from the loans, which was available from bank records. Next, the average difference between the cost of funds and the yield received on the loans was calculated. 5 percent on average, including the cost of operating the branches. Next, the direct costs of making the loan, such as salaries of employees directly involved in consumer lending and advertising costs for consumer loans, had to be subtracted.

Principles of Quality Costs. : American Society for Quality, 1999. Farris, P. , Bendle, N. , Pfeifer, P. , and Ribstein, D. J. Marketing Metrics: 50+ Metrics Every Executive Should Master. : Wharton School Publishing, 2006. Fishman, C. The Wal-Mart Effect: How the World’s Most Powerful Company Really Works—and How It’s Transforming the American Economy. New York: Penguin Books, 2006. , and Keiningham, R. Return on Quality: Measuring the Financial Impact of Your Company’s Quest for Quality. Chicago: Probus, 1994.

Soft data measures are varied; a unit of improvement might be one sale or a change of one point in the employee engagement score. Here are some specific examples of units of improvement: r One student enrolled r One patient served r One loan approved r One full-time employee hired r One reworked item r One grievance r One voluntary r One hour of cycle time r One hour of employee time r One customer complaint r One person removed from welfare r One less day of turnover r One hour of downtime incarceration (prison) r One point increase in customer satisfaction 2.

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Data Conversion: Calculating the Monetary Benefits by Phillips P.P., Burkett H.

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