The Benefits of Using the ROI Methodology
- Posted By Super User
- Return on Investment
What's the ROI on ROI?
When an organization implements of the ROI Methodology, the concern about the value or payoff of this approach becomes an issue. This process, when used properly, a function from activity-based to results-based. The activity-based approach focuses on developing programs, counting people involved, and reporting data about activities. The results-based approach requires that programs begin with the end in mind with very specific business measures. It also involves a continuous focus on results throughout the process and creating expectations from all involved to deliver the results. These results include data that are CEO and CFO-friendly.
Measuring and evaluating learning has earned a place among the critical issues in the learning and development and performance improvement fields. For decades, this topic has been on conference agendas and discussed at professional meeting. Journals and newsletters regularly embrace the concept, dedicating increased print space to it. Professional organisations have been created to exchange information on measurement and evaluation, and more than twenty-five books provide significant coverage of the topic. Even top executives have an increased appetite for evaluation data.
