A BeSpatial'23 Workshop: - GIS Return on Investment (ROI) Fundamentals
Register - Select Registration including workshop option - Registration closes Midnight on April 28, 2023
Date: May 3, 2023 Time: 2:45 - 4:45 PM
Goals and objectives of this workshop
Show me the money! A geographic information system in any government agency, non-profit, or private company competes for financial resources. GIS managers must be able to articulate the many qualitative and quantitative benefits that GIS provides. But ultimately GIS needs to show the financial benefits that it provides to decision makers. How does a highly competent GIS manager accomplish this?
GIS management is a challenging profession. Effective GIS management is a critical success factor for an agency to leverage the potential of its investment in geospatial data and technology and to maximize GIS ROI. Adequate financial support is a key factor for a successful GIS. This is a key GIS management responsibility.
This GIS Management Academy™ workshop introduces the use of return on investment (ROI) analysis methods to document the net financial benefits that an agency might achieve from its GIS. In this workshop we will review the types of benefits that GIS provides. We will focus on recent (non-GIS industry) literature that documents the significant ROI from GIS at various social and institutional levels.
A major portion of the workshop will demonstrate a simple, objective methodology that has been used to quantify and report GIS performance metrics and ROI. This demonstration will include the use of a custom Excel Spreadsheet template that will be provided to all students who complete the workshop. After the workshop each attendee will have the tools and framework to input data to document their GIS ROI.
Enterprise GIS is expensive to develop, maintain, and operate. Even small-to-medium-sized cities, counties, and regional agencies have invested millions of dollars to develop their GIS capabilities, and they can have large annual operating budgets. Many recent third-party studies have proven that GIS delivers significant financial return on investment (ROI) to organizations that deploy it as an enterprise business-support tool.
Audience
Current GIS managers, supervisors, and coordinators, and those who aspire to a successful career in GIS management. Also, agency budget and finance managers and senior agency stakeholders interested in understanding the quantifiable financial benefits from geographic information science and technology.
Topics Covered
How organizations achieve their goals and objectives
Budgets as tools to allocate resources within organizations
The societal benefits of GIS
- Non-financial
- Financial benefits across society
- Financial benefits within organizations
Fundamentals of estimating future GIS benefit-cost analysis
Return on investment basic concepts
Fundamentals of calculating actual return on investment (with demonstration)
- Quantifying GIS costs
- Quantifying GIS financial benefits
Practical considerations of using GIS ROI as a decision support tool
Methods of displaying and comparing results
Exercise: Attendee discussion and feedback
Prerequisites and Recommendations
No prerequisites. Recommended for GIS managers, consultants, and academics, as well as budget and financial managers interested in assessing the financial benefits from their GIS operations.
What You Will Receive
- Two (2) hours of instruction from Greg Babinski, who is a subject-matter expert and workshop author.
- A copy of the workshop presentation and exercises.
- A copy of the GIS ROI Excel spreadsheet template.
