Financial Analysis

What It Is Used For

• To determine whether the savings of a solution implementation justify the costs for it.

When to Use It

• When required by your organization.
• When analyzing solutions or other changes to a process or product to determine if it would be fiscally responsible to make the investment.

Important Notes

• Simple calculations can give a team a sense of whether the savings justifies the cost.
• Remember that Financial Analysis really doesn’t look at intangible savings.