Benefit realisation

This topic has 3 replies, 2 voices, and was last updated 14 years ago by Ken Garrett.

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November 28, 2011 at 2:28 pm #50757
leornado
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Dear sir,

After reading the technical article, I still not understand the
difference between measurable benefit and quantifiable benefit.

Can you give some more clear cut examples for these?

Thanks with best regards,
November 30, 2011 at 6:23 am #90333
Ken Garrett
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Measured is measured before and after but the change but it is cannot be estimated numerically in advance. Quantifiable is measurable and capable of being estimated in advance.

Examples: better inventory management should lead to less wastage. The saving is probably capable of being quantified. Better inventory management should lead to higher sales, but the sales growth (much from better reputation) though measurable, is probably not quantifiable.
December 2, 2011 at 1:51 pm #90334
leornado
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Dear sir,

Measurable = cost
Quantifiable = cost x quantity

Is that my interpretation above acceptable?

Best regards,
Leonardo
December 2, 2011 at 4:28 pm #90335
Ken Garrett
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No.

Measurable = measured, perhaps in non-financial terms. However, no prediction made about how that will change.

Quantifiable = the item is measured and we can estimate how it might alter.
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