Not very deep, but basic knowledge is mandatory for the understanding of ROI Optimization Program. It includes very simple concepts and designs.
According to the study, ROI represents around 5-10% of the complete project. But the digits may vary simultaneously.
No all the programs, but only a few selected programs are in the requirement to have ROI. Most of the companies use only around 5-10% of their programs for ROI analysis each year.
Yes, there are standards for ROI marked as “Guiding Principles.” The analysis becomes convenient and a consistency is created.
Being a business, it is considered a good question to go with. Many organizations have reported success and benefits while opting for it.
It is important to make the evaluating person independent of the program, if possible.
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