Once your need is identified there are compelling reasons to proceed in a timely manner.

In directly financial effects, delaying a decision results in the tangible, quantified costs you have identified by using the calculator. You will have to fill out the cost and benefits calculators to learn the costs of delaying a decision.

In addition — and sometimes even more importantly — delaying a decision results in lost opportunities for several intangible gains. Sample lost opportunity costs for the intangible aspects of a delayed decision are:

  • staff morale boost
  • enhanced procedures
  • increased confidence
  • streamlined reporting
  • reduced stress
  • enhanced audit trails.

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Cost (investment) |  Benefit |  System payback time |  Decision delay costs