What type of benefits does Value of Investment (VOI) measure?

Value of Investment (VOI) encompasses a comprehensive approach to measuring a project's worth by considering both qualitative and quantitative benefits. Quantitative benefits include financial metrics such as cost savings, revenue generation, and return on investment, which can be measured in numerical terms. On the other hand, qualitative benefits may include improvements in student engagement, enhancements in teaching and learning experiences, and increased collaboration among stakeholders. These benefits are often more subjective but equally important as they contribute to the overall success and effectiveness of educational initiatives.

This dual focus on qualitative and quantitative aspects allows educational leaders to present a holistic view of the value derived from an investment in technology or educational resources. By measuring both types of benefits, organizations can make more informed decisions and justify the investments made in educational technology.