Calculating ROI to Realize Project Value
The formula for determining ROI is: ROI = [(Financial value – Project cost) / Project cost] x 100 ... the project team calculated a single unit cost to be $2,455, based on the current values for the time it requires (13 hours), the volume or amount per time (1 unit), and dollars (wage rate of $85 per hour and $1,350 in total cost of materials ...