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ASTD Handbook of Measuring and Evaluating Training by Patricia Pulliam Phillips

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Chapter 14 Converting Measures to Monetary Value

Patricia Pulliam Phillips

In This Chapter

This chapter explores techniques for converting measures to monetary value. Upon completion of this chapter, you will be able to

  • explain the importance of converting a measure to money
  • identify techniques available to convert a measure to money
  • apply five steps to calculate the monetary value of benefits for a program.
 

The Importance of Converting a Measure to Money

The need to convert data to monetary amounts is not always clearly understood. A program can be shown to be a success just by providing business impact data, which show the amount of ...

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