A measure of the time it takes for cost savings due to restructuring or improvement initiative to equal the cost of fully deploying the strategy, as measured from the beginning of the project. Any major initiative should be planned well and include a target of when payback time should be achieved, this can be used…
BPIR Categories14.1.3 Set performance targets.
15.6.2 Strategy development & deployment
15.1.1 Strategy success measures & performance indexes
15.6.15 Continuous improvement & general measures