Quantifiable benefits are essential for several reasons:
1. Decision Making: They provide concrete data that help in making informed decisions regarding investments, project approvals, and strategy adjustments. 2. Performance Measurement: They allow businesses to track progress against goals and make necessary adjustments to stay on course. 3. Accountability: Quantifiable benefits make it easier to hold teams and individuals accountable for achieving set targets. 4. Resource Allocation: They assist in prioritizing projects and initiatives based on their potential financial impact.