PROCOURSE® ROI

Our software was created to provide large organizations with a simple tool to assess the impact of a business initiative and optimize that impact — without requiring the client to establish an enterprise-wide regimen of measurement methodologies or requiring them to hire a staff of mathematical savants. As we have expanded our services, our broader knowledge of human capital investment and strategic initiatves have added value to our clients.

How Does It Work?

Our approach is based on the field of observational statistics. The proprietary and patented software that we have developed imports corporate data in tab and column format from its clients and forms it into General Linear Models — a “best-in-class” statistical approach that has been used in observational statistics. We use the best mathematical models and techniques available, tempered with our business experience, to treat a corporate initiative as an observational study.

For proper analysis, we need metric data from several hundred participants. We divide the data into test data, which is observations from people who have received the training or other intervention. The control data is from participants who haven't been trained yet, or will not be trained at all. Some of the control data must precede the date of the training for us to set a baseline level of prior performance for each participant. The limits of statistical certainty is usually determined by the size of the smallest group, so it is ideal if the amount of control data and test data are roughly equal.

How Is the Data Collected?

Most companies already have the relevant performance data in their databases. The data is retrieved from the databases in spreadsheet format and transferred to us ROI electronically. The process is not long or time-consuming. It may take two days to two weeks, depending on the data involved, and typically involves the time of only one project manager and one data collector from the company.

For sample scenarios and more details, go to our section on Applications »