An Intensive 5-Day Training Course
Managing & Measuring Training
Strategy, Systems, Finance & Measuring Impact
We currently have no scheduled session for this Course. If you are interested in running this course, please contact our Training Department at info@petroknowledge.com
Why Choose this Training Course?
Why Choose This Training Course?
This dynamic course will provide you with the essential knowledge and skills to gain greater strategic value from ROI in training and development. The focus of the course will be the analysis and alignment of business objectives to create efficient financial budgetary control to achieve the maximum ROI. You will also learn how to produce an effective business case utilising evaluation data and other sources of business analysis. This is an essential course for those who wish to be more effective and efficient with the financial control of creating, measuring and managing training budgets and interventions.
This training course will feature:
- Dealing with issues related to the management of the training budget and potential compromises impacting on the ‘training spend’
- Ensuring that proposed training programmes are relevant and the business case to support planned expenditure can be made
- Budget and financial planning methodologies, systems and processes.
- Monitoring and evaluation metrics and data analysis
- Demonstrating that ROI has been achieved
What are the Goals?
What are the Goals?
By the end of this training course participants will be able to:
- Examine the issues related to measuring and maximizing training ROI
- Apply techniques to identifying business training needs
- Develop and propose a business case for training to meet strategic business objectives
- Prepare and create training and development budget and financial reports
- Analyse evaluation methods to aid the management and measurement of investment
Who is this Training Course for?
Who is this Training Course for?
This training course is suitable to a wide range of HR, L&D and Training professionals, line managers, team leaders, but will greatly benefit those who:
- have direct responsibility for the training budget within the organisation and wish to gain greater effectiveness and efficiency in managing this
- have a strategic overview of the business and who may also be responsible for initiating training programmes or authorizing expenditure for training and wish to gain a greater understanding of training budget formulation and ROI
- are responsible for Human Resource / Organisational Development and the planning and delivery of training programmes at a strategic level and need to understand the overall ROI
- are responsible for the planning and implementation of training programs at an operational level.
- need to know about training evaluation and ROI
How will this Training Course be Presented?
How will this Training Course be Presented?
The training course will utilize a variety of adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This will include group and individual activities, case studies and practical exercises. This will be facilitated learning through direct input, discussion and encouragement to test and critically appraise theories, models and concepts. Delegates will be encouraged to interact and engage with the course by exploring, discussing and debating the findings and conclusions of group activities using their own work related experiences.
Daily Agenda
Day One: The Strategic Role of Training in Organisational Development
- Strategic organisational development training and planning
- Business strategy: the need for long-term planning for future skills and competences
- Aligning training and development to meet business objectives
- Evaluation models of training and development interventions
- Defining the levels of evaluation for ROI
Day Two: Defining Training and Outcome Metrics
- Training Needs Analysis (TNA): methods and principles
- Internal v external provision: benefits and problems
- Optimising training and development interventions
- Defining the measurement metrics: objective and outcome criteria
- Contractual considerations: external providers, terms and conditions
- Training standards: ISO ISO29990:2010; ISO 9000; IiP
Day Three: Financial Planning and Business Investment
- Financial planning, measurement and forecasting
- Training budget planning and formulation: factors and structure
- Understanding Cost / Benefit Analysis impact
- Resource and extrinsic factoring: locations, currency differences, labour costs
- Controlling the projected expenditure process: analysis and reporting systems
Day Four: Measuring and Controlling the ROI
- Measuring ROI: methods and models
- What to measure: defining the measurement parameters
- Measuring intangible impacts: behavioural, cultural
- Utilising key stakeholders and line management in ROI measurement and control
- Reporting and controlling the ROI: business intelligence
Day Five: Creating the Business Case for ROI and Investment
- Defining communication methods and channels
- Preparing the data and metrics
- Structuring the Business Case for ROI and training investment
- Presenting the Business Case to key stakeholders
- Summary
Certificate
- On successful completion of this training course, a PetroKnowledge Certificate will be awarded to the delegates
