For any business endeavor to be justified, business leaders ask their management teams to provide concrete facts and figures, in terms of Return On Investment (ROI), that show beyond doubt that the proposed initiative is worth undertaking. Similarly, once the project has been commissioned, senior management and project sponsors need to know whether their investment was justified – in hindsight. Therefore, to rationalize eLearning projects prior to development, Instructional Designers and project managers need to collect, evaluate, and report on specific Key Performance Indicators (KPIs). How Key Performance Indicators Help In Justifying Αn eLearning Investment If an eLearning initiative offers a better return than the outlay (dollars, time, effort, inconvenience factor) needed, then it is likely to be approved. However, when judging an eLearning projects’ ROI, business leaders expect to see tangible performance results following the implementation of the training program. These metrics … [Read more...] about How to Measure ELearning Effectiveness: Using key performance indicators to validate investment decisions
Level 4 training evaluation
Level 4 Training Evaluation
Prudence dictates that investment decisions for any new project, whether it is commercial or non-profit in nature, must be predicated upon a solid business case of value delivery. While some social programs might be justified even though there might not be a monetary value to them, most initiatives in the business world are tied to demonstrable value, either in productivity or monetary terms. Corporate training initiatives fall within that category. Level 4 Training Evaluation - The key to measuring training value Deceptively impossible Achieving "real" results is the ultimate objective of any company's training initiatives. Organizations typically won't invest in a training program unless management is convinced that the proposed training will lead to specific benefits. The challenge that most corporate trainers face however is: How does one measure "real" organizational impact as a result of training? And the answer is: Through a Kirkpatrick Level 4 Evaluation. And when Level 4 … [Read more...] about Level 4 Training Evaluation