Qualitative and quantitative research methods

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Mimaktsa10
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Joined: Tue Dec 24, 2024 3:05 am

Qualitative and quantitative research methods

Post by Mimaktsa10 »

In addition to financial and economic calculations, it is important to take into account other factors:

Quantitative methods:

Sensitivity assessment : how changes in different parameters affect the result

Scenario analysis : considering optimistic, pessimistic and most likely scenarios

Qualitative methods:

SWOT analysis : examining strengths, weaknesses, opportunities and threats

Expert assessment : engaging specialists to study non-financial aspects

Each of these methods has its own advantages and limitations. Combining different approaches allows you to get the most complete picture and make an informed decision.

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Evaluation of project effectiveness
To accurately understand the panama email list prospects of any startup, it is necessary to use a comprehensive approach that takes into account various aspects of its implementation. Let's consider the main criteria that will help you get a complete picture of your project's achievements.

Project success indicators
Key Non-Financial Performance Indicators (KPI)

These metrics allow us to evaluate the qualitative aspects of the project:

Customer satisfaction : Can be measured through surveys, reviews, or NPS (Net Promoter Score).

Quality of a product or service : defect rate, number of returns, uptime.

Innovativeness : the number of new technologies or processes introduced.

Environmental friendliness : CO2 emissions, volume of waste recycled.

Social impact : number of jobs created, contribution to local community development.

For example, for a project to launch a new line of eco-friendly packaging, KPIs might include the percentage of biodegradable materials in the composition, reduction of plastic waste, and customer satisfaction with the new product.

Financial indicators of the project

These indicators give a clear idea of ​​the financial side of the project:

Return on investment (ROI): the ratio of profit received to the funds invested.

Marginality: the percentage of profit in revenue.

Break-even point: the sales volume at which revenues equal expenses.

Operating profit: income after deducting operating expenses.

Current ratio: the ability to pay off short-term liabilities.

Project success indicators

Source: shutterstock.com

For example, for a startup in the field of online education, important financial and economic indicators may be average revenue per user, cost of customer acquisition, and retention rate of paying students.

Dynamic indicators

These indicators take into account the change in the value of money over time:

Net Present Value (NPV) : The difference between the present value of future income and expenses.

Internal Rate of Return (IRR) : The interest rate at which the NPV is zero.

Discounted payback period : The time it takes to recoup an investment, taking into account the cost of money.

Return on Investment (PI) : The ratio of the present value of future cash flows to the initial investment.

For example, when evaluating a solar power plant construction project, dynamic indicators can help take into account the long-term outlook, including changes in electricity prices and equipment maintenance costs.
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