Cost Benefit Analysis using specific costs for coaching wor
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As you think about implementing the training program at 'DNA', you know that you will need to collect data in order to prove ROI. ROI is calculated by dividing operational results by the training costs. These numbers are arrived at from conducting a cost-benefit analysis. Although you cannot actually calculate ROI now, since the training has not yet occurred, you can prepare a plan for completing this analysis. It is important to note that all companies compute ROI differently depending on the size of the training project. For this assignment, use the template provided.
Imagine that one part of the training program you are developing is a custom, off-site training workshop on coaching skills for project managers. Outline the costs and benefits you will analyze during the evaluation stage of this training program. It is not necessary to include numbers at this point, simply prepare a plan for the numbers you will need to collect throughout the development and evaluation process. Include in your plan:
A list of cost types possible for this training program. Use the table (attachment) as an example.
The evaluation outcomes for the training program.
A description of how you will measure the outcomes in terms of operational results.
Use the Cost-Benefit Analysis Template to outline your plan for calculating ROI.
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Solution Summary
Attachments contain in depth Cost Benefit Analysis for DNA's Training Program
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