How do we understand the ROI of a Kronologic investment? After you've gathered up the statuses that are in Accepted Apply the Meeting Math Formula to determine the monetary value of these meetings.There are 2 ways to calculate ROI that give very different results, Forecasted Annual ROI is best to use early in deployments when looking forward to determine what ROI is likely to be. Basic ROI most accurate at the end of your Kronologic contract when looking backward to assess a projects success.
1. Calculate the avg. value per meeting for a meeting type using Meeting Math.
2. Count the number of accepts of the meeting type.
3. Calculate the Gain from Investment by Multiplying the number of accepts by the avg. value/meeting.
4. The Cost of Investment is the cost of Kronologic.
5. Use the ROI formula:
(Gain from Investment - Cost of Investment) • 100%
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Cost of Investment
1. Calculate the avg. value per meeting for a meeting type using Meeting Math.
2. Count the number of accepts of the meeting type over a given time period. Note the time period.
3. Calculate the number of "accepts per month" or "accepts per week"
4. Extrapolate the number of forecasted accepts annually by multiplying accepts per month by 12. Or if weeks are preferred, multiply by 52.
5. Calculate the Gain from Investment by Multiplying the number of forecasted accepts annually by the avg. value/meeting.
6. The Cost of Investment is the cost of Kronologic.
7. Use the ROI formula:
(Gain from Investment - Cost of Investment) • 100%
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Cost of Investment
