Hard Savings

  Hard Savings are the tangible and identifiable savings as opposed to that realized from not spending.  If we look at hard savings from a project perspective it can be defined as those savings that allow the organization, team or department to do "more" or the "same" amount of work with the same or less resource use.  

Examples of Hard Savings:

1. Reduced cost of operations.
2. Reduced cost of production related to units.
3. Reduced overhead.
4. Increased revenue with same resources.

Question:  What is one other type of hard savings that you can think of?  Have you ever had to document hard savings?

**Place answers in the comments tab.**

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