Tuesday, May 19, 2009

The Value of Information

It’s also important to understand the cost of measurement and the value of the resulting information within the context of the costs and risks of the project. If your estimated project cost is $10 million, a $100,000 study to clarify the “intangibles” of the project is only 1% of the expected project cost. If the study results in a 1% reduction in cost, it has paid for itself. If it results in a 5% savings, it has become a very good investment.

The bottom line is this: Most things we think of as intangible in networking can in fact be measured; if it truly cannot be measured, it has no real value.


Jeff Doyle

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