The Price of EfficiencyBy Baselinemag | Posted 2002-09-03 Print
Wonder how projections regarding productivity gains really translate in terms of money saved? Use our online calculator to do the math...
The formula below shows one way of using correction factors to adjust expected savings. In this example, a midsize packaged goods company plans to try out a knowledge-management system at a branch office. The company, using a straight, time-is-dollars equation, expects the system to save each marketing employee about four hours out of a 40-hour workweek (a 10% raw productivity gain).
Find out more in "How To Estimate Productivity"
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