Cost savings is often an important part of calculating the impact of your resource. Cost savings, or cost avoidance, is the amount of money students will avoid spending by using your OER instead of a commercial textbook.
To calculate cost savings, you will need to know:
Cost Savings for 1 semester = (number of sections) x (average number of students per section) x (cost of book being replaced).
You can add up each semester's savings for cumulative savings over time.
In addition to tracking cost savings, you might want to explore other areas of impact tracking and assessment using the resources below: