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Every week people who are considering an RTO initial registration ask me this question.  If we look the RTO registration as a project, it is critical to consider the project budget before making a commitment.

If you decide to embark on a RTO registration, the first considerations are the business model and scope of the new RTO. Let me explain, there are some costs associated with the RTO registration process itself (essential costs) that will be the same for all new RTOs, but these “essential” costs generally represent only 15%-30% of the combined costs of all activities required to complete the RTO setup.

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pyramid61- Lack of Alignment with Business Needs. A training program's payoff comes from the business measures that drive it. Simply put, if a training program is not aligned or connected to a business measure, no improvement can be linked to the program. Too often, training is implemented for the wrong reasons – a trend, desire or perceived need that may not be connected to a business measure.

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methodologypuzzle

For some evaluators, the act of converting data to monetary value inspires fear, misconception, and bewilderment. But remember, all data can be converted to monetary value. You just need to know what techniques are available to you.

Use Standard Values
Many organizations have standard values to measure turnover, productivity, and quality. If a measure has a monetary value developed and accepted by the organization, there's no reason to reinvent it. Standard values are generally grouped into three categories: output to contribution, cost of quality, and employees' time.

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