Value of Investment (VOI) considers which of the following aspects?

The Value of Investment (VOI) takes into account the anticipated costs and the related benefits of a technology project. This approach provides a comprehensive view of how a technology initiative will perform financially and operationally. By considering both the costs involved in implementing technology and the benefits that are expected to result from that implementation, VOI helps organizations make informed decisions about whether to pursue specific technology investments.

Understanding VOI enables leaders to balance financial implications with the overall value the technology may bring to an organization. This includes both tangible aspects, such as cost savings and revenue generation, and intangible benefits, such as improved efficiency, enhanced learning experiences, or increased student engagement. This holistic evaluation is crucial for justifying technology expenditures in educational settings, where both financial and educational outcomes are important.

Other options focus either too narrowly or lack a balanced perspective. For example, concentrating solely on monetary gains overlooks other critical factors that contribute to a project's success. Similarly, only considering qualitative benefits without weighing the associated costs would provide an incomplete picture of the investment's overall value. Each aspect plays a role in decision-making, but a well-rounded assessment like VOI is more effective for educational leaders as they evaluate technology investments.