Page 7 - The 4-Step Formula For - Mastering Patient Self-Scheduling

Project Management Success

Formula 1

PROJECT SUCCESS = Scope + Time + Cost + Quality

Explanation
Project managers use this formula to ensure projects are completed within the

agreed scope, time, cost, and quality parameters. Financial Ratios (e.g., Pro t
Margin)

Formula 2

Net Pro t
PROFIT MARGIN = x 100
Revenue

Explanation
Businesses use nancial ratios like pro t margin to assess their nancial health
and performance. It's like calculating how much of your paycheck is left after
bills, food - but for companies.

Customer Retention Rate

Formula

(E - N)
CUSTOMER RETENTION RATE = x 100
S

Where

Number of Number of new Number of
E N S
customers at the customers acquired customers at the
end of a period during the period start of the period

Explanation

This formula helps businesses understand how well they are retaining their
existing customers over a speci c period.

The 4-step Formula for Mastering Page | 05
Patient Self-Scheduling