Return on Investment

Return on Investment is an accountancy term meaning how much money was made or saved as a result of an investment.

Many trainers talk about ROI as if it is the most important thing we have to prove to the organisation or business. It may be! However it can be useful to remember that an evaluation strategy for any piece of development might be about cost benefit. It can be useful to think of ROI as being merely one aspect or a sub set of cost benefit. What is viewed as a 'benefit' or something of 'value' depends upon the values of key stakeholders.

If Return of Investment is one of the benefits that key stakeholders are looking for then it is important to establish up front - before a learning intervention - which financial metrics potentially could be impacted upon positively.

Data gathered through the Assessing Success service can be be used alongside financial results from existing business metrics to provide evidence to support positive impacts on Return on Investment.

Cost Benefit requires the calculation of the costs of a training intervention in relation to the perceived benefits. Using the Assessing Success service enables you to quantify benefits as well as gather qualitative benefits.

If you have been asked to carry out a Cost Benefit or ROI and would like some evaluation advice, please do contact us at Assessing Success as we can support you with this.