Return On Investment (ROI) Professional Course

Course Overview:

The ROI approaches are also outlined in significant detail, as our goal is to show the participant that the ROI methods can be implemented into practice. Participants in the Professional Training course focused on Return on Investment will be capable of applying the Outcomes-Based Evaluation approach in their professional relationship with trainers, as they will have mastered techniques that include the determination of the ROI of training.

 There are several topics that will be explored including, baseline measurement and target settings in regards to Business as Usual, as well as understanding the how’s, what’s and when’s of training resources or inputs.

The course considers the nature of training cost, its estimation and measurement techniques, as well as, different types of evaluation of measurement including qualitative and quantitative. Finally, this course is well-suited for those who have some involvement in training management and have practical experience measuring training success or effectiveness.

Course Objectives:

By the end of the Return On Investment (ROI) Professional training Course, participants will be able to:

• Understand the issues related to measuring and maximizing training ROI
• Plan, organize and deliver relevant training interventions
• Demonstrate the business case for specific training interventions
• Understand and be able to implement techniques applicable to identifying training needs
• Describe best practices in relation to employee development

Who Should Attend?

Return On Investment (ROI) Professional training course is  ideal for:

• Anyone in an organization who manages a training function or anyone responsible for determining the impact of learning and change interventions. 
• This program can be beneficial even for those who have a strong research and measurement background.

Course Outlines:

Introduction – The Key Advantage: A Proficient Workforce

• The Strategic Role of Training, Learning & Development
• The Business Case for Investment
• Understanding Approaches to Effective Employee Development
• Evaluating Training Programs and PDPs
• Models for Effective Measuring of Training Return on Investment
• Ensuring cultural support to maximize impact and ROI

Aligning Training to Business Objectives – Maximizing Training ROI

• The Organizational Context
• Business Strategy: The Need for Long-term Planning for Future Skills and Competencies
• Identifying Development Needs
• Aligning Interventions with Business Needs
• Planning and Delivering Effective Training & Development
• Maximizing the non-financial ROI of Interventions

Conducting your ROI impact study

• Valid data collection methods
• Data source and factors to consider
• Obtaining meaningful information from collected data

Getting to the Numbers

• Data integrity and credibility
• Concluding your ROI and BCR figures
• Defining and establishing intangibles
• Reporting ROI to stakeholders

Making Evaluating Effective

• Models and Methodologies of Evaluation
• Incorporating the Results of Evaluation into Future Events
• Kirkpatrick’s Levels of Evaluation
• How Effective Evaluation Links to ROI
• Some Myths about Evaluation
• Course summary

see more: Skills for Project Planning/ Scheduling and Cost Estimation Planning Course