In my previous post, I explored how to determine the costs of an online learning program by modeling and comparing the projected costs of a classroom-based training program to those of an online training program. However, modeling the costs is relatively easier than determining the financial and educational benefits of an online learning program.
Exploring the ever-changing landscape of learning technology, and searching for insight and clarity amongst the complexity.
Showing posts with label cost benefit analysis. Show all posts
Showing posts with label cost benefit analysis. Show all posts
Sunday, July 7, 2013
Sunday, June 23, 2013
Modeling the Costs of Online Learning Programs
In determining whether to implement an online learning program, any organization, whether it is a company implementing a new training program or a school implementing an learning management system, costs and benefits need to be scrutinized. Often organizations will forgo the benefits of an online or blended approach to learning in favor of traditional classroom based instruction, as they only consider the higher upfront costs of online learning. However, online learning programs can result in substantial cost savings over several years due to their lower recurring costs.
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