IRR
Internal Rate of Return. The annualized return a project effectively earns — the finance-approved way to compare investments. If your project's IRR beats the hurdle rate, it lives.
Heard in the wild
“The solar retrofit pencils out at 14% IRR, over the 10% hurdle.”
Tone check: Technical
Learn your company's hurdle rate. Projects don't compete on merit; they compete on IRR against it.