Technological and vocational education in Taiwan is becoming an important area for the analysis of educational indicators. This project examines aspects of that analysis. It is attempted to construct a set of well-organized indicators of technological and vocational education in Taiwan. Meanwhile, those indicators can be regarded as means for monitoring the education accountability, assessing the education policies and forecasting future educational problems. Four domains this project focused on are "context", "input", "process", and "output". These domains become the main research issues while creating the indicators of technological and vocational education. The vocational schooling system is concerned in this project as well, say, universities of technology, polytechnic colleges, senior vocational schools and comprehensive schools. The total data of 287 schools were targeted as the samples sent, afterwards the data of 237 schools were returned. This paper refers that educational policy-makers and government must provide technological and vocational education and training in institutions in order to meet manpower needs. However, such training usually means a tremendous input of both efforts and high unit cost. The level of investment is always the main concern when cost-effectiveness analysis is undertaken by policy makers but also for taxpayers and other members of the public.