Eduventures does an excellent job of outlining the current state of outcomes assessment in post-secondary education. It also goes on to cover some key benefits of implementing an effective program:
Assessment allows institutions to realize significant benefits in improved understanding of their educational effectiveness; better informed decisions about curriculum, policy, and resource allocation; and the ability to meet accountability demands.
The challenges associated with such a rollout:
Two key challenges to realizing the benefits of outcomes assessment are the difficulty of aggregating and analyzing evidence and building faculty participation.
As well as the possible role that technology can play in implementing change:
Software solutions are now most commonly used for the collection and storage of outcomes data; institutions typically draw on existing technologies such as their learning management or content management systems. As institutions more clearly identify their assessment strategies and processes, they are more clearly defining the role of technology and will realize its benefits more fully.
Grab the report here: Eduventures Outcomes Assessment