Forecasting ROI: 4 Approaches To Assess The Potential Value Of Your Training Programs
Posted by EdmontonPMMar 26
Live Webinar – April 2nd, 2020 3:00 pm – 4:00 pm EDT
Activity Type: Education – Course or Training 1 Hour 1 PDU free
Provider: Training Magazine Network
While there has always been a need to show the value of projects, today, there is even greater pressure to show value in terms that executives appreciate.
Sometimes that pressure comes before an investment is approved. Other times, there is a need to forecast an ROI based on participant perception of program content.
Occasionally, it is important to determine value of a program based on the predictive validity of test data. And, now and then, forecasting ROI on improved proficiency with critical skills is a useful pursuit as it helps demonstrate value in mathematical terms, when those all-important business measures are unavailable.
Forecasting ROI provides an indicator of the potential success of a program. It doesn’t replace the need to demonstrate the actual results. But it is a useful tool and one worth adding to the training evaluation toolbox.
Join Patti Phillips, CEO of ROI Institute, and Katharine Aldana, Learning Design Manager at Verizon as they describe four simple ways to forecast ROI for your programs.
After attending this webinar, you will be able to:
- Explain the rationale for using ROI on a pre-project basis.
- Present the forecast in a convincing way to senior executives.
- Use forecasting as a routine process to secure project approval and build relationships with clients.
Presenters:
Katharine Aldana (LinkedIn profile) Learning /Development/Design Manager & Associate ROI Institue is a Design Manager for Verizon, responsible for training needs analysis, learning experience design strategy, and effectiveness evaluation for 3500+ employees. Katharine completed her ROI certification & has partnered with the ROI Institute, Inc., facilitating classes to broaden organizations’ understanding of the ROI methodology & how the framework can be applied early, during the initial planning process, to improve training effectiveness- not just measure it.
Patti Phillips, (LinkedIn profile) Ph.D.Is president / CEO of the ROI Institute. She is an expert in measurement and evaluation,and author of Measuring Leadership Development: Quantify Your Program’s Impact and ROI on Organizational Performance. Patti applies ROI Methodology to leadership development programs, coaching initiatives. Patti also authored over 30 books including her latest books: The Bottom Line on ROI: Basics, Benefits, & Barriers to Measuring Training & Performance Improvement and Measuring the Success of Coaching (to be released 2012, ASTD).
Click to register for:
Forecasting ROI:
4 Approaches To Assess The Potential Value
Of Your Training Programs
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Technical Project Management | Leadership | Strategic & Business Management |
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