Academic return on investment (A-ROI) is a vital measurement for program administrators and evaluators to determine the impacts of academic programming relative to their costs. Effective program evaluation and strong proposals for new initiatives will consider academic return on investment to ensure that scarce funds for education are allocated to the highest impact programs.
Academic return on investment (A-ROI) and logic models are important tools that program administrators and evaluators can utilize to assess both the effectiveness of a given initiative and the cost-effectiveness of implementing that program. Effective program evaluation and strong proposals for new initiatives will consider academic return on investment to ensure that scarce funds for education are allocated to the highest impact programs.
In order to determine the cost-effectiveness of academic programming, administrators and evaluators must possess an understanding of academic return on investment (A-ROI). Likewise, program staff need to be able to identify the necessary data to calculate academic return on investment so that evaluations of programming are both accurate and unbiased. Effective program management and assessment practices will consider academic return on investment in procedures for goal-setting, data collection, and analysis of students’ academic outcomes.