Question

write a short paper (at least 3 paragraphs in length, double-spaced) explaining roi and payback, and discussing the three areas typically addressed in a contract for the purchase of a technology system. write a paragraph elaborating each area.

Answer 1

ROI (return on investment) is a commonly used metric to assess how well investments in IT systems have performed.

It is frequently used to support IT projects, but it may also be used to assess project team effectiveness, monitor project returns at any stage, and consider other important aspects.

Which IT projects to embark on can be determined by comparing the ROI of various projects and bids. ROI demonstrates to corporate executives, shareholders, and other stakeholders the business's benefit from a given project investment.

If the ROI of a project is larger, the better, the project is more likely to move forward. A 200% ROI over 4 years, for instance, denotes a return of twice the project expenditure over that time frame.

Know more about ROI here:

brainly.com/question/12908722

#SPJ4