Measuring Profit

Financial Profit
Financial Profit

There are many ways to measure profit resulting from an improvement project.  Envision-It! can accommodate measuring either client/ partners’ measures or recommend measures we believe will fit, given our past experience.  The choice is one we make on every project, because we believe strongly that it is difficult to know whether we have achieved an objective or not, except by establishing and tracking to a target.

Profit ‘factors’ we often measure include:

  • Return on Investment
  • Cost of Poor Quality
  • Support & Fixed Overhead Costs
  • Revenue Growth
  • Gross Monthly Savings
  • Project Costs
  • Improved skills (better skilled/trained staff & management)

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