ERIC Number: ED483526
Record Type: Non-Journal
Publication Date: 2004-Jul-13
Standard & Poor's "Return on Resources" Measure of School Performance. Issue Brief. Volume 1, Issue 1
Oregon Department of Education
Standard & Poors (S&P) uses a measure they call a Performance Cost Index (PCI) as their measure of a school or district?s ?Return on Resources?. The Performance Cost Index is defined as the average cost per measured ?unit? of student performance. In its simplest form, the Performance Cost Index is calculated as per student expenditures divided by a performance measure, such as the percentage of students meeting state standards. S&P describes the PCI as ?a proxy for exploring the relationship between spending and achievement?. This issue brief suggests that the PCI is an ambiguous and simplistic measure that is incapable of capturing the relevant differences that schools and districts face in educating students from different backgrounds and different circumstances.
Publication Type: Opinion Papers; Reports - Descriptive
Education Level: N/A
Authoring Institution: Oregon State Dept. of Education, Salem.