Forrester Consulting conducted a Total Economic Impact (TEI) study to evaluate the savings and business benefits from using Cora PPM software. This TEI study was commissioned by Cora on the basis that its findings would be completely independent and objectively reached.
Forrester interviewed representatives at four enterprise organizations with extensive experience of using Cora about the need for improved visibility, and the benefits of having a software solution that seamlessly integrates all your systems and processes, and is intuitive and easy to use.
This TEI study calculates that, over 3 years*, Cora delivered:
- 187% return on investment
- $25M in operational efficiency improvements
- $7M from improved project and margin management
- $6.5M from improved visibility and time management
- A payback period of 9 months
- 1% in additional revenue and higher margins
*Results are for a composite company created by Forrester based on their research.
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“It’s about visibility and about early warnings. We’re now doing this on all of our 37,000 projects. It all gets done in one tool, globally. For the first time ever, everyone’s doing it in the same way, with the same methodology, in one tool.”
– Phil Howe, Project Management Excellence Leader, Europe, Honeywell Building Solutions.
