2011 Evaluative Data & ROI Report (Spring)

Return on Investment

The ICT seven college program (degree/certificate) review’s costs are as follows:

$1,125        15 of the 29 ICT industry professionals accepted the $75 stipend for their two- to three-hours of service.

$2,800        Personnel costs for facilitating seven sessions.

$500           Food and beverages provided for ICT reviewers

$600           Facilities (in-kind as hosted at Bellevue College)

$25             Printing & Materials

$5,050        Total

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 June 2011):

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 2011 reality.

X 7 colleges = $52,500

* 96% cost savings for the taxpayer, or $47,450.  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 2011.