Cost - Benefit Analysis of E-Learning

Abstract

Key words:For a long time, organizations paid lip service to the human resource motto that "people are an organization's most important asset." Now senior executives have come to believe that employees and the intellectual capital they create can uniquely differentiate their company in the marketplace. Training expenditures now are viewed as critical investments in human capital, and an effective method of increasing employee retention. Commensurate with the increase in training expenditures, senior executives are demanding more accountability from their training departments. In fact, 93 percent of training professionals said they are increasingly being asked to show the return-on-investment (ROI) of their programs. Training managers need to be able to answer direct questions about total costs, benefits, and bottom-line impact. Visionary training managers embrace costbenefit analysis as a way to justify bigger budgets for technology and new training programs. This paper covers mainly the measurement of total cost of e-learning, measurement of e-learning benefits, cost comparison, cost -benefit ratio and ROI. This will focus on the overall total benefits to the company by using Technology -Based Training (TBT) when compared to Instructor Led Training (ILT).

On supporting e-learning in the field of resilience management with an open source authoring tool

“…Benefits (both in terms of costs and effectiveness) of e-learning are well known and confirmed by several works (Fenu and Picconi 2010;Pittard 2004;Wilson and Wilson 2007). Starting from 2008, the increasing of online presence and open learning opportunities have create the basis of the new e-learning phenomenon: the development and diffusion of MOOCs (Guerra and Ferrari 2015).…”