PCCA Journal|2
nd
Quarter 2010
31
important, the need (risk) is high, and the skill level is
low, you need to provide the necessary developmental
opportunities. Money is tight, so do not waste it on
the wrong type of development. Look back at your
list of quadrant 1 tasks, and target the one or two that
will give you the biggest return on investment (ROI).
Relevant content, engaging facilitators, and interactive
presentation help the participants learn and retain the
information, increasing your ROI. Following are three
approaches for calculating training ROI.
Cost/Benefit Ratio Approach
Calculate direct costs: materials, conference fees,
1.
trainer compensation, consultant fees, and trainee
wages, travel, meals, and hotels. Divide this num-
ber by the number of trainees in the program.
Calculate indirect costs: loss of productivity while
2.
employees are in training and not on the job.
Calculate total training program cost.
3.
Estimate expected productivity benefit resulting
4.
from training (be conservative).
Calculate the first-year profit improvement with the
5.
productivity increase.
Estimate length of time of training effect using a
6.
discount rate formula to reduce the value of future
www.GMPtools.com+1.215.357.5500
Powered Duct Rod Pusher
For Placing Pulling Lines or Fiber Optic Cables
into New, Old or Crowded Conduits
For use with GMP’s 1/2 inch
(13 mm) duct rods
Push/pull up to 300 lbs.
(136 kg) of load
Moves at a rate of up to
130 ft./min. (330 cm/min.)
Includes hydraulic power pack
Also useful for mapping projects
Override capability – allows
you to rod occupied ducts
Specialty cassette clamp
Powered Duct Rod Pusher
MADE IN
U S A
Continued on page 32
C-Level
Vice President
Director
Project Executive
Senior Project
Manager
Project Manager
Superintendent
Foreman
Next Generation
Field Engineer
5.0
7.5
2.5
Years of Experience
Source: Andrew B. Patron, FMI Senior Consultant
10.0
15.0 17.5
12.5
20.0
Time Spent
In-Office
Training by Level and Experience
Leadership Institute
Project Manager Academy II
Construction Profitability
Project Manager Academy
Construction Supervisors Academy
Emerging Manager Institute
Time Spent
In Field
Level in
Organization
Exhibit4