Return on investment is a critical metric for clinical research leadership. Determining how your organization is leveraging investments, from both outside sources such as grants, and from within your institution, is key to securing future funding. Listed here are some of the questions you should be able to answer to evaluate your ROI and demonstrate the true value of your research.
How many publications did team members within a specific program produce last year?
Examining your program-wide research output shows how members, colleges and departments are collaborating to make the most of research investments. This data can be extremely useful not only for progress reports, but also for sharing with your external advisory board or even within the program itself.
Who are my top-performing staff?
Identifying those who contribute to key accomplishments, such as high-impact publications or securing significant grant funds, is a great way to measure the impact of your research staff. By determining who appears at the top of the list in multiple categories, you can truly single out and reward your top performers.
What highlights or stories did we produce from grants in the past year?
Creating a process to document your successes can be invaluable to your organization. Indicating the positive outcomes, such as honors your research organization has earned or media coverage you’ve received, can be a powerful tool to demonstrate the impact your research is having on your community and on the industry as a whole.
What research accomplishments were supported by which cores?
Shared resources within a research institution, or cores, play a big role in the research that results in a publication. Determining which cores support the most publications can identify the most valuable cores within your organization. This information can be useful when making the case for additional resources.
Answering these questions can provide valuable insight into your organization’s research output. However, calculating these metrics can be a frustrating, time-consuming task for clinical research leadership. Because grants, publications, programs and other research data is often scattered across the institution, it can take days, weeks or even months to gather the necessary information. If your organization is struggling to gather this data, a research evaluation and reporting system can help.