title: Measuring Return on Investment for Professional Development Activities: Implications for Practice.
abstract: What is the return on investment (ROI) for the time and resources spent for professional development activities? This is Part 2 of a two-part series to report findings and demonstrate how financial analysis of educational activities can drive decision-making. The resources consumed for professional development activities need to be identified and quantified to be able to determine the worth of such activities. This article defines terms and formulas for financial analysis for nursing professional development practitioners to use in analysis of their own programs. Three fictitious examples of common nursing professional development learning activities are provided with financial analysis. This article presents the "how to" for the busy practitioner.
authors.affiliation: Cathleen Opperman, DNP, RN, NEA-BC, CPN, is Nurse Specialist, Professional Development, Nationwide Children's Hospital, Columbus, Ohio. Debra Liebig, MLA, BSN, RN-BC, is Director, Nursing Retention, Truman Medical Center, Kansas City, Missouri. Judith Bowling, MSN, MHA, RN-BC, is Clinical Learning Educator, Baptist Health South Florida, Miami, Florida. Carol Susan Johnson, PhD, RN, NE-BC, is NCC Magnet® Appraiser and member, Commission on Accreditation, Fort Wayne, Indiana. Mary Harper, PhD, RN-BC, is Director, Nursing Professional Development, Association for Nursing Professional Development.
authors.forename: Cathleen
authors.initials: C
authors.lastname: Opperman
authors.forename: Debra
authors.initials: D
authors.lastname: Liebig
authors.forename: Judith
authors.initials: J
authors.lastname: Bowling
authors.forename: Carol Susan
authors.initials: CS
authors.lastname: Johnson
authors.forename: Mary
authors.initials: M
authors.lastname: Harper
mesh_terms: D003362:Cost-Benefit Analysis / Q000379:methods*; D004496:Education, Continuing / Q000379:methods / Q000592:standards*; D005376:Financial Management / Q000379:methods; D006801:Humans; D013192:Staff Development / Q000191:economics / Q000379:methods*