Time to value (TTV) is similar to
return on investment
Return on investment (ROI) or return on costs (ROC) is a ratio between net income (over a period) and investment (costs resulting from an investment of some resources at a point in time). A high ROI means the investment's gains compare favourably ...
(ROI), but instead of realizing the financial success of an investment, it implies achieving the ''effectiveness'' of an investment. This is applied mostly to added technology—
data center hardware,
network
Network, networking and networked may refer to:
Science and technology
* Network theory, the study of graphs as a representation of relations between discrete objects
* Network science, an academic field that studies complex networks
Mathematics ...
infrastructure, system
security" \n\n\nsecurity.txt is a proposed standard for websites' security information that is meant to allow security researchers to easily report security vulnerabilities. The standard prescribes a text file called \"security.txt\" in the well known locat ...
, etc. whereby the promised improvement becomes measurable. It can even be argued that in cases such as data security, TTV is more important than ROI since the security may only have financial benefits in banking and commercial industries, but has value—the protection of personal and/or corporate data—in every industry.
Purpose
The time to value (TTV) measures the length of time necessary to finish a project and realize the benefits of the solution. The concept is used to help decision makers evaluate the proposed benefit of an investment in time and/or money.
Limitation
While the concept is easy to understand and explain to management or investors, the problem is that "completion", "benefit", and "value" are not as easy to define, can change over time, and the technology may even obsolesce before the installation is completed.
See also
*
Return on investment
Return on investment (ROI) or return on costs (ROC) is a ratio between net income (over a period) and investment (costs resulting from an investment of some resources at a point in time). A high ROI means the investment's gains compare favourably ...
References
Investment indicators
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