Why The ROI Methodology
- Posted By Super User
- Return on Investment
How this unique system compares with competing models and theories.
The ROI Methodology had its beginnings in the early 70s when the first ROI study was conducted to evaluate a cooperative education program at Lockheed Martin. The study was developed at the request of executives and the first study translated into funding, improvement, and support for the program. From this first study, the model was refined over a period of years, presented at conferences throughout the 1970s and 80s. The first book describing the methodology was published in 1983 (Handbook of Training Evaluation and Measurement Methods, published by Gulf Publishing). This book was the first book on training evaluation in the USA. Since then, over 50 other books have been published to evaluate learning and development, including Don Kirkpatrick's book, which was published in 1994. The uniqueness of the development of this process is that it was published early and offered to others to continue to use and refine. At the same time the developer, Dr. Jack Phillips, continued to make improvements and adjustments along the way.
To achieve these high-level skill sets, many companies invest in dedicated training courses to offer continual development to all of their key personnel. In fact, for many employees, good training courses are valued as highly as actual job benefits packages. For Registered Training Organisations (RTOs) maintaining relevance of its staff's skill sets, specially trainers and assessors, gets to the next level as currency incorporates a new dimension to continual development.
