WEEK 6: BUDGET, TRANSFER OF LEARNING, AND ROI

You are a Senior Trainer at your company. Your boss, the Training Manager has tasked you with the following.
Design and facilitate a one-day (eight-hour long) classroom experience in which you need to help develop a group of engineers and software programmers to become project managers.
After training, they will have to manage some significant projects. Discuss the instructional characteristics and activities you will use to ensure that the engineers and software programmers acquire at least a fundamental understanding of project management.
Due to this situation it will be important that learning is transferred to the actual work that engineers will have to implement.  With that job application expectation there is also an expectation that the ROI will visible to management.   They want to know that the training is paying for itself…at least….with the transfer of learned skills to the job application.
How will you build a training budget to meet the requirements of designing a training session what might include gaming, simulations, and other training technology….it all costs?
How will you know if the engineers actually apply the learning?  What is the measure?
What are the components that make up a training budget?
What type of formula might you apply to determine the ROI?
Provide your initial response in an audio format or a video format. Use Kaltura or Canvas Media….Then, your remaining two responses may be text-based. Remember, your remaining responses must be on different days in order to earn full credit.
Adapted from: Noe, R.A. (2020). Employee Training & Development. [VitalSource Bookshelf]. Retrieved from https://bookshelf.vitalsource.com/#/books/978126014027