2012 Evaluative Data & ROI Report (Spring)
Return on Investment
The ICT six college program (seven degree/certificate) review’s costs are as follows:
| Expense/In-Kind | |
|
$600 |
7 stipends/mileage paid for the industry professional three hour sessions |
|
$157 |
Food/beverages (meals w/meeting) |
|
$600 |
Facilities hosted at Bellevue College * |
|
$800 |
Personnel costs facilitating five sessions, researching/writing two reports |
|
$25 |
Printing |
|
$2,182 |
|
| * denotes in-kind |
If each college had done an independent ICT review for a program degree or certificate, it would have entailed the minimum following hours per task (does not include the mentoring, advice to continue through 2012):
2 hours to meet with and understand client needs
24 hours to develop a process, including reviewing the current program
8 hours to recruit, outline expectations, and confirm for the review a minimum of four ICT professionals
5 hours to prepare, facilitate review, and ensure payment to ICT industry professionals
8 hours to transcribe ICT review team recommendations, verify validity of recommendations, research workforce demand, and prepare report
3 hours to follow up, vet the report, create an evaluative process, and communicate/follow-up with the college and ICT industry professionals
50 hours at $150* per hour = $7,500
* Due to economic changes, the Center believes the $150 per hour rate is a 2012 reality.
X 2 colleges = $15,000
* 85% cost savings for the taxpayer, or $12,818. This does not include the changes the colleges might make if they implement the recommendations and increase a) enrollments; b) student satisfaction; c) increased employment and/or articulation. This will be assessed in 2012-13.