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Measuring Value in The Public Sector
Measuring Value in The Public Sector
Results Based
Table 2:
Level
Measurement Focus
2. Learning
M
easures implementation, actions, and changes in behavior on the job.
Use of project content, materials and system in the work environment.
4. Business Impact
M
easures changes in business impact variables. The consequences
of the use of project content, materials and system expressed as a
business impact measure.
5. Return on Investment
C
ompares monetary benefits of the impact of the program.
Figure 1:
Start here
ROI Objectives
Payoff Needs
ROI
Impact Objectives
Business
Needs
Impact
Application Objectives
Initial Analysis
Application
Learning Objectives
Learning Needs
Learning
Reaction Objectives
Preference Needs
Measurement
and Evaluation
Reaction
Program
The ROI process Model
Develop
Objectives of
Solution(s)
Data Collection
Develop
Evaluation
Plans and
Baseline Data
Collect Data
During
Solution
Implementation
Input/Indicators
Reaction and
Planned Action
Application and
Implementation
Learning and
Confidence
Business Impact
Develop
Evaluation
Plans and
Baseline Data
Data Analysis
Isolate the
Effects of
Solutions
Convert
Data to
Monetary
Value
Capture
Costs Of
Solution
Reporting
Develop
Calculating
Report and
the Return on
Communicate
Investment
Results
ROI
Identify
Intangible
2.
When planning a higher level evaluation, the previous level of evaluation is not required to be comprehensive.
3.
When collecting and analyzing data, use only the most credible sources.
4.
When analyzing data, select the most conservative alternatives for calculations.
5.
Use at least one method to isolate the effects of the program or project.
6.
If no improvement data are available for a population or from a specific source, assume that no improvement has occurred.
7.
8.
Avoid use of extreme data items and unsupported claims when calculating ROI calculations.
9.
Use only the first year of annual benefits in the ROI analysis of short-term solutions.
10.
Fully load all costs of the solution, project, or program when analyzing ROI.
11.
Intangible measures are defined as measures that are purposely not converted to monetary values.
12.
11
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