Friday, September 10, 2010

Wk2: Measuring the total cost of E-learning

One of the key goals of every business is to maximize profit with low cost. This ideology is also true with educational institutions, where the primary objective is to increase productivity with minimal cost. As the school becomes more productive, the student population will increase (theory).

Learner Management Systems (LMS) has become increasingly popular due to its nature and overall outcomes. However, constructing or having someone build a LMS is very expensive, ranging from $500k to over a million dollars. After learning the cost, most companies feel compelled to either create their own LMS or have instructor-led training. Kevin Kruse (2005)

Kruse studied or completed a highly extensive comparison data table on the possible expenses creating both systems. He concluded that CD-ROM or technology-base training is the most cost effective and productive source for educational institutions. Although instructor-led training provided one on one instruction, given the nature on today’s technological environment, students will easily adapt to technology-base training.

Kruse argued that developing one’s own LMS, in terms of cost, is most considerable because they are very complex and having an organization build one may result in unused entities. Learner Management Systems are very large and come with an array of different capabilities. It is very possible that a company many not use the LMS to its entirety. Creating an LMS to a company’s own specific needs is cost effective and it caters to the organization’s needs.

3 comments:

  1. Good observations and comments.

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  2. Brian Says:

    One of the key goals of every business is to maximize profit with low cost. This ideology is also true with educational institutions, where the primary objective is to increase productivity with minimal cost. As the school becomes more productive, the student population will increase (theory).


    Terrance says:

    Yes I agree with you about students adaptability to technology based training.You have to build a solid business case by identifying such things as opportunities, costs, and expected return on investment.

    Like any good marketing job, the benefits must be presented in a compelling way . Galloway(2000).

    * Technology-based training can dramatically cut development and travel costs associated with traditional classroom training.


    * Technology-based training offers the ability to track progress and measure results quickly and efficiently. What's more, results can be reported individually, departmentally and across the entire organization.

    Technology-based learning is one of the most effective ways to add to their knowledge and skills.

    * Finally, technology-based learning is fun. Users acquire knowledge at their own pace and can practice skills without feeling threatened or embarrassed. Access is available anytime anywhere,around the globe. Students have access to a potentially huge library of training and information whether they are working from home, in the office. As smart phones become more accessible training can take place without traditional phone lines or a network connection. Kruse (2004) "Students will also have the best Web based Technology (WBT) designed so that a content is "chunked" into a discrete knowledge objects top provide greater flexibility". Moreover, Kruse (2004) states "students can access these objects through pre-defined learning paths. Making use of skill assessment to generate personalized study plans and employ search engines to find desired subject matter". However, there are disadvantages to consider one lack of human connect secondly lack of multimedia (Large files). Instructional designers will have to evaluate the CD Rom and the technology-based training. Perhaps maybe both can be offered based on the type of classes taught.





    Reference

    Kruse, K. (2004)Using the web for learniong: Advantages and Disavantages

    http://www.e-learningguru.com/articles/art1_9.htm (accessed September 12, 2010)


    Galloway,B. (2000) Selling the Benefits of Technology- based Training to Your Organization

    http://www.allbusiness.com/human-resources/670988-1.html (accessed September 12, 2010)

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  3. Brian Says:

    One of the key goals of every business is to maximize profit with low cost. This ideology is also true with educational institutions, where the primary objective is to increase productivity with minimal cost. As the school becomes more productive, the student population will increase (theory).


    Terrance says:

    Yes I agree with you about students adaptability to technology based training.You have to build a solid business case by identifying such things as opportunities, costs, and expected return on investment.

    Like any good marketing job, the benefits must be presented in a compelling way . Galloway(2000).

    ReplyDelete