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Tips and Tools for Data Conversion

The first step to calculate ROI is to convert Level 4 measures to monetary value. We define these measures in terms of hard and soft data. The following represent hard data:

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  1. Output.
  2. Quality.
  3. Costs.
  4. Time.

Generally, it is easy to convert hard data to monetary value. You can convert it as reduced costs, reduced time, improved quality, or increased productivity. All of the above result in a costs savings to your organization. Therefore, you also can convert hard data to revenue, which you ca

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