Seth Godin explaining why the number is not important but the opportunity cost
I think that the point made here by Seth is very relevant to looking at business cases for you organisations projects.
If you have a project than costs £100k and pays back in 3 years then great.....but what else could you have done with the £100k, could you have spent a small part of it doing something that motivates the whole organisation improve productivity 1% give £1m extra profit, who knows.
They say that the numbers never lie, but they do not tell the whole truth about a decision.
Making big decisions about money
If you have a project than costs £100k and pays back in 3 years then great.....but what else could you have done with the £100k, could you have spent a small part of it doing something that motivates the whole organisation improve productivity 1% give £1m extra profit, who knows.
They say that the numbers never lie, but they do not tell the whole truth about a decision.
Making big decisions about money