At E.B. Howard, we know how important evaluation is for the success of your business, but we also know how time-consuming evaluation can be. That’s where Rapid-Cycle Evaluation (RCE) comes in. RCE is a process for evaluating changes in program operations quickly and knowing whether the changes made their intended improvements.
Traditional evaluation methods may not always meet the needs of your business. They may take too long, are costly, and can not always keep up with the development of your business. RCE, however, measures the impact of changes to program operations using a rigorous research method and relies predominantly on existing program data, which means that it focuses on results that can be observed in a short time frame. This makes it much easier for you to make quick and important decisions for you regarding your business.
Rapid-Cycle Evaluation can be especially useful when it comes to Small Business Innovation Research (SBIR) grants. SBIR grants, especially Phase I, do not typically have long contract periods. Some are as short as six months, while some may last up to a year. Nonetheless, a year is not a lot of time, and you do not want to waste any of that time pursuing evaluations that may not be useful to you once they are completed.
In this case, RCE can help you identify sooner rather than later whether program components under your SBIR grant are making their intended impact. Therefore, you can make better-informed decisions
Let us help you meet your M/WBE utilization goal. We can help you locate funding, apply for funding, and help organizations measure & report on outcomes. See our experience with grant writing and evaluation services HERE.