Get Return On Investment (roi)economic Investment (ei) Form - Phqix

Completing the Return On Investment (ROI)Economic Investment (EI) Form - Phqix is essential for evaluating the effectiveness of your quality improvement project. This guide offers clear, step-by-step instructions to help you fill out the form accurately and efficiently.

Follow the steps to complete the form correctly.

1. Click the ‘Get Form’ button to access the form and view it in the editor.
2. Enter the date in the designated field to indicate when the form is completed.
3. Provide the name of your quality improvement (QI) project in the ‘Project Name’ field.
4. Identify your organization or department by filling in the respective section.
5. Craft your aim statement, a detailed description of your QI project's goals and expected improvements, ensuring it is measurable and time-sensitive.
6. Input your baseline measurements at the project start in the allocated area to offer a reference for improvement.
7. Document the benefits obtained and outcomes improved, including any intangible benefits like enhanced morale or teamwork.
8. Specify all financial benefits by inputting tangible benefits that arose from the project, such as savings from reduced overtime or workspace organization.
9. Calculate and enter total financial benefits in the provided field.
10. List all project costs, ensuring to include salaries during the project period and any new supplies purchased.
11. Calculate the total project costs and insert this amount in the relevant field.
12. Use the ROI formula to calculate and record the ROI results, showcasing the return on investment for every dollar spent.
13. Apply the EI formula to determine and indicate the economic impact, detailing how much the benefits exceed the costs.
14. Review all information for accuracy and completeness before proceeding to save changes, download, print, or share the form as needed.

Start filling out your Return On Investment (ROI)Economic Investment (EI) Form - Phqix online today!