Cost Justification for Implementing EMIS pt 1

Learn more about using the Net Present Value as part of a business case.

This paper breaks down the accounting principles and techniques behind the Net Present Value (NPV). Areas of potential cost savings are identified and assistance is provided in formalizing a cost justification business case for implementing an EHS Management Information System (EMIS).

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Every company can identify real cost savings from implementing an effective EMIS. Documenting these potential savings and using them to calculate the Net Present Value of a system investment is an effective strategy for getting collaborative executive support, particularly in a tough economic environment.