Q. To get your project off the ground, you might need to convince higher-ups about the profit or cost savings your project will realize for the company. What are you promising?
A. For a given use of money in an enterprise, the ROI (return on investment) is how much profit or cost saving is realized. An ROI calculation is sometimes used along with other approaches to develop a business case for a given proposal. The overall ROI for an enterprise is sometimes used as a way to grade how well a company is managed.
If an enterprise has immediate objectives of getting market revenue share, building infrastructure, positioning itself for sale, or other objectives, a return on investment might be measured in terms of meeting one or more of these objectives rather than in immediate profit or cost saving.
|We like to hear what you think!!
Please complete the sentence below with your thoughts in 10-15 words and send them to. The best entry will win attractive goodies from PMI Bangalore India Chapter.
"Operations” keeps the lights on, while Project Management............
Please provide your response by 24th January 2014
Chapter will select the best slogan and felicitate the winner during a Chapter event.
In our last edition, we had asked you to express your thoughts in 10-15 words to continue the following sentence
A project without a critical path is like .............
and the best response is . . . "constructing building without knowing max # of floors"
... and the Winner is - Namita Gupta, PMP, UADAI
This slogan elicited the maximum number of responses till date. Although the intention here was to unleash your creative thinking, we all know, the only way you cannot have a reliable critical path is because the dependencies have not been put in the schedule. Thank you for the interesting discussion and passion to contribute to this section.
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