Academic Return-on-Investment (AROI) and Budget Decision-Making: A Research Brief

Autor/inn/en	Leach, Stephen M.; Yan, Bo
Institution	Jefferson County Public Schools (Kentucky)
Titel	Academic Return-on-Investment (AROI) and Budget Decision-Making: A Research Brief
Quelle	(2021), (13 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Zusatzinformation	Weitere Informationen
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Budgets; Decision Making; Cost Effectiveness; Costs; Comparative Analysis; Value Added Models; Evidence Based Practice; Educational Practices; Educational Improvement; Guidelines; Leadership Role; Trust (Psychology); Cooperation; Partnerships in Education; Budgeting; School Districts; Kindergarten; Elementary Secondary Education; School Nurses; Measurement Techniques; Educational Change; School Restructuring; Outcomes of Education; Alignment (Education); School Community Relationship; Kentucky (Louisville); New York (New York); District of Columbia + Suchen Sie Ihr Suchwort? Finanzhaushalt; Decision-making; Entscheidungsfindung; Kosten-Nutzen-Analyse; Kosten-Nutzen-Denken; Cost; Kosten; Bildungspraxis; Teaching improvement; Unterrichtsentwicklung; Richtlinien; Co-operation; Kooperation; Hochschulpartnerschaft; School district; Schulbezirk; Messtechnik; Bildungsreform; Schulreformplan; Schulumwandlung; Lernleistung; Schulerfolg
Abstract	The evidence-based decision-making emphasis in education has largely focused on the adoption of new practices for which evidence of effectiveness exists. Following adoption, however, the focus shifts to improvement and the appropriate evidence needed to support budget decisions must be local, timely, and relevant. Existing evidence used to support adoption rarely meets these requirements, thus the critical task for educators at the improvement stage is to produce the necessary evidence. Since 2018, we have investigated the viability of Academic Return-on-Investment (AROI) as both a framework and a practical metric for informing budget decisions aimed at improvement. As a decision-making framework, AROI relies on the notions of scrutiny and return to provide supporting evidence for leaders' efforts to obtain the greatest academic benefits for each dollar invested. As a metric, AROI is a ratio of effectiveness to costs, weighted by the number of participants, typically interpreted as the change in outcome per unit cost. Although our practical AROI metric compared well with more rigorous cost-effectiveness and value-added analytic results for informing budget decisions, we note the adaptability within a general AROI framework to tailor the research design and methodology to a particular situation and to answer the pertinent decision-oriented research question(s). Based on our findings, we view AROI as a flexible approach to generating evidence that is local, timely, and relevant to inform budget decisions in the improvement phase of an investment. Developing the necessary organizational and data infrastructure to support AROI implementation requires top leadership support and patience. Because AROI results are informative rather than definitive, close collaboration with investment item owners is crucial to engender trust and guide improvement efforts. (As Provided).
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01