Learn how to conduct an ROI analysis to assess the impact of your K-12 investments and make resource decisions that strengthen student outcomes.
K-12 leaders need clear insight into which programs and initiatives deliver the most impact compared to their costs. Return on investment (ROI) analysis is a type of program evaluation that draws connections between your programs, costs, and outcomes. Used it the right instances, ROI planning and analysis can provide a full picture of which investments may be worth continuing, modifying, or ending.
However, it is often a complex undertaking that requires significant time and know-how.
Download our Program ROI Planning Toolkit to guide your organization to:
- Understand ROI in K-12 education
- Determine if you’re ready for an ROI analysis
- Learn the 4 steps of an ROI analysis
- Review other methods of program evaluation
“A data-rich ROI analysis illustrates whether program effectiveness justifies the program costs. For example, an ROI analysis can identify the number of students served, the cost to implement and maintain a program, and an estimate of the program’s impact. In addition, the analysis may point to more efficient, alternative approaches.”
What is a K-12 ROI Analysis?
A return on investment (ROI) analysis assesses the value — measured by student learning gains or by another metric — a district or school receives in return for a program’s expense.
Often applied in the business world, ROI analysis can be applied in K-12 settings provided there’s a way to clearly identify and isolate a program’s cost and the outcomes associated with it.
While program evaluation can be achieved in many ways, an ROI analysis is an approach that focuses on cost effectiveness, measuring how well programs work for students compared to the investment. The results can provide K-12 leaders with new insights for how to allocate and invest resources in the highest-value areas.
Hanover’s new toolkit outlines a structured approach to compare cost and outcomes specific to districts and schools and provides guidance on when it’s the right time to conduct an ROI analysis versus another type of program evaluation.
Use our free toolkit to assess your K-12 organization’s readiness for conducting an ROI analysis.
