While Blockchain applications are achieving great results for businesses, their benefits and implementation risks are very uncertain and difficult to predict, making Return On Investment (ROI) estimation very uncertain and difficult.
This course examines how to estimate the ROI of blockchain applications for your organization. This is far more difficult than a typical IT project because most blockchain applications require that business partners and/or customers also agree to use the blockchain.
There are dozens of factors that need to be considered in assessing the likely benefits, costs, and returns, and many of these are very intangible and subjective—difficult to put a dollar value on. This course shows how to deal with these difficulties in estimating ROI and provides an Excel spreadsheet to calculate ROI—including a range of ROI estimates, that we recommend to deal with the uncertainty.
Course Key Concepts: Blockchain, Distributed Ledger, Information Technology, Return On Investment, ROI, Process Improvement, Blockchain Applications, Multi-Criteria Decision Analysis, Decision Analysis, Business Operations, Business Strategy, Assessment
- Teacher: Allen Rashid
SKU *: crs-1671497
Sell price $: 24.00
Course Short Description:
This course shows how to deal with the difficulties in estimating ROI and provides an Excel spreadsheet to calculate ROI.
credit Hours: 1
CPE Credits Awarded *: 1
Approval Status: - None -
Course is for: ** Main Course Library **
Course Duration: 1
Complexity of Content: Intermediate
Suppress in lists: No
Last Updated/Reviewed Date: March 28, 2024
Course Topic: Blockchain
Prerequisitses:
No advanced preparation or prerequisites are required for this course, but completing the Illumeo courses “Understanding blockchain technology and its capabilities”, “Private, Permissioned Blockchains”, “Blockchain Applications” and “How to do Multi-Criteria Decision Analysis to assess Blockchain Value for Your Organization”, beforehand is highly recommended.
Learning Objective:
- Discover why normal ROI calculations fail for BC assessment.
- Discover why you should provide a range of ROI estimates and how to deal with intangibles and uncertain impacts.
- Identify how to calculate BC application Return On Investment.
Course Type: CPE Course
Format: On Demand
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CPE Credits: 1
Field of Study: Information Technology
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