Data Conversion: Calculating the Monetary BenefitsThis book tackles the third major challenge and the second most difficult step in the ROI methodology: converting data to monetary values. When a particular project or program is connected to a business measure, the next logical question is: what is the monetary value of that impact? For ROI analysis, it is at this critical point where the monetary benefits are developed to compare to the costs of the program to calculate the ROI. Includes: the importance of converting data to monetary value; preliminary issues; standard values: the standard values: where to find them; using internal experts, using external databases; linking with other measures; using estimates; when to abandon conversion efforts and leave data as intangible, analyzing the intangibles; and reporting the intangibles. |
Contents
Chapter 1 The Importance of Converting Data to Monetary Values | 1 |
Chapter 2 Use Standard Values | 13 |
Chapter 3 Calculate the Value | 31 |
Chapter 4 Find the Value | 43 |
Chapter 5 Estimate the Value | 59 |
Other editions - View all
Data Conversion: Calculating the Monetary Benefits Patricia Pulliam Phillips,Holly Burkett Limited preview - 2010 |
Data Conversion: Calculating the Monetary Benefits Patricia Pulliam Phillips,Holly Burkett Limited preview - 2016 |
Data Conversion: Calculating the Monetary Benefits Patricia Pulliam Phillips,Holly Burkett No preview available - 2008 |
Common terms and phrases
adjusted analysis annual approach average benefits brand Brand X calculating the value chapter Cleveland Orchestra converted to monetary converting data cost of absenteeism cost of turnover cost savings creativity customer satisfaction customer service data conversion data items data to monetary employee estimates example external databases external experts figure find grievances hard data historical costs human resources identify impact implemented important increase individuals innovation input intangible benefits intangible measures inventory involved issue job satisfaction leadership development linked method monetary value monitored organizations output participants percent percentage Pfeiffer Phillips profit profit margin reduction relationship revenue Roebuck and Company ROI evaluation ROI Methodology senior managers shows situation soft data specific staff standard values step substitute drivers supervisors tangible techniques tion Turnover Costs type of data unit of measure variety Vulcan Materials Company