Return on time invested
Return on Time Invested (ROTI) is a subjective metric used to analyze the productivity and efficiency of time spent for a certain activity, project, or product made. Unlike return on investment (ROI), which calculates the financial capital gained, ROTI evaluates the value gained from time spent on an activity compared to the time invested in it. While the criteria for how worth was the
Overview
Return on Time Invested (ROTI) is a subjective metric used to analyze the productivity and efficiency of time spent for a certain activity, project, or product made. Unlike return on investment (ROI), which calculates the financial capital gained, ROTI evaluates the value gained from time spent on an activity compared to the time invested in it. While the criteria for how worth was the time spent are subjective to different companies and organization, the main ones include information sharing, decision making, problem solving and work planning.
Calculation
Specific calculation of ROTI can vary depending on the context, a general (Value of Outcomes / Time Invested) x 100 formula can be expressed as: ROTI = Total value or Output obtained / Total time invested.
After a meeting
Some organizations use the ROTI method to evaluate meetings and further improve them.
Personal productivity
ROTI helps find more efficient ways to spend time on different activities that helps prioritize tasks that offer higher returns on time invested and minimizing time spent on low-value activities.
See also
Agile software development Cost–benefit analysis Feedback Meeting science Opportunity cost Pareto principle Personal development Time-use research Time value of money
Further reading
Tracy, Brian (2007). Time Power: A Proven System for Getting More Done in Less Time Than You Ever Thought Possible. AMACOM. ISBN 978-0814474709. Chernev, Alexander (2014). The Marketing Plan Handbook. Cerebellum Press. ISBN 978-1936572397. Vaden, Rory (2015). Procrastinate on Purpose: 5 Permissions to Multiply Your Time. Penguin Publishing Group. ISBN 978-0399170638. Fryrear, Andrea (2020). Mastering Marketing Agility: Transform Your Marketing Teams and Evolve Your Organization. Berrett-Koehler Publishers. ISBN 978-1523090983. Robache, Maxime (2020). Mettre en place et manager le télétravail : 20 outils pour co-construire la performance collective et la qualité de vie. EYROLLES. ISBN 978-2212574937.
Wikipedia contributors · Return on time invested · revision 1369773175 · CC BY-SA 4.0 · Plain text extracted and formatting adapted; tags derived from linked topics.