ExpertHard1 markShort Answer
PMP · Question 25 · Task 2: Evaluate and deliver project benefits and value
A project manager is calculating the time it will take for the project's cumulative benefits to equal the initial investment. What is the name of this financial metric?
A project manager is calculating the time it will take for the project's cumulative benefits to equal the initial investment. What is the name of this financial metric?
How to approach this question
Provide the specific financial term.
Full Answer
The Payback Period is the amount of time required for an investment to generate cash flows sufficient to recover its initial cost.
Common mistakes
Confusing with ROI or Break-even point.
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