Question
How do I calculate the ROI given these details? AuditingsoftwareNewsoftwareandtrainingcosts$775,000.Thesoftwarewillreducetravel,manualdocument controlandauditorefficiency.Currentlytheorganizationcompletes120auditsannuallywitheachaveraging80 hoursoftotalauditortimeincludingtravel,documentationandfiling.Thenewsoftwarewillreduceauditor hoursby10%onaverageperaudit.Thecostbyhourofeachauditorwithburdenis$150
How do I calculate the ROI given these details?
AuditingsoftwareNewsoftwareandtrainingcosts$775,000.Thesoftwarewillreducetravel,manualdocument controlandauditorefficiency.Currentlytheorganizationcompletes120auditsannuallywitheachaveraging80 hoursoftotalauditortimeincludingtravel,documentationandfiling.Thenewsoftwarewillreduceauditor hoursby10%onaverageperaudit.Thecostbyhourofeachauditorwithburdenis$150
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Operations Management
Authors: William J Stevenson
14th Edition
126023889X, 978-1260238891
