*New Standard* Payback Comparison Tool

The Payback Comparison Tool is an analysis methodology to determine the payback period for an investment in a technology implementation project. The payback period is how long it will take to pay off the investment and is sometimes called the ‘break even point’. The most significant advantage of the payback comparison tool is its simplicity. It’s an easy way to compare several projects or project scenarios and then focus on the project or scenario that has the shortest payback time.