Return on Investment (ROI) is a metric that measures the profitability of an investment and evaluates the gain on an investment. It is a ratio that compares the gain or loss from an investment relative to its cost. The concept is useful in analysing the efficiency of an investment.
The PLM RoI Calculator Solution built at PROLIM analyses and quantifies the impact of technology and resources in a process and evaluates the productivity of the investment taking into consideration all the tasks performed at different levels of product development approximating the productivity boost enabled by the technology.
The application primarily aims at reducing the degree of contribution of the essential and the non-essential tasks of the components involved in a product development process by classifying the tasks as “value added” and “non-value added”.