What are some common metrics used for project evaluations?
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What are some common metrics used for project evaluations?
Common metrics for project evaluations include ROI, NPV, IRR, and project completion time.
Can you explain what ROI means in this context?
ROI, or Return on Investment, measures the profitability of a project by comparing the gain or loss relative to its cost.
What is NPV and why is it important?
NPV, or Net Present Value, calculates the difference between the present value of cash inflows and outflows, helping assess project viability.
How do I calculate IRR?
IRR, or Internal Rate of Return, is calculated by finding the discount rate that makes the NPV of all cash flows equal to zero.
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