Difference Tangible Intangible Project Benefit Provide One Two Examples Describe Least Tw Q34225348

• What is the difference between a tangible and an intangibleproject benefit? Provide one to two examples of each.
• Describe at least two metrics that are commonly used to assignvalue to tangible benefits.
• How can organizations assign value to the intangible benefitsof socially relevant projects?
• What components should be added to a business case todemonstrate the value of the intangible benefits of sociallyrelevant projects?

Expert Answer

Tangible benefits are those which can be measured like:

• Lower product cost
• Lower inventory
• Increased productivity
• Faster service time

Ex: If a project helps to reduce the service time by 10%, it isthe tangible benefit

In Tangible benefits are those which cannot be measuredlike:

• Increased communication
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