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Advantages of e-learning
To compare advantages and disadvantages of regular education against education supported by e-learning, it is necessary to measure values such as cost for education preparation, availability, distribution, further costs on participation of students and lectors, stimulation and motivation. Following table presents this assessment:
Comparison of education conception
Costs for preparation |
Availability |
Distribution costs |
Efficiency and motivation |
Costs for participation |
|
Regular way of education | Low | Low | High | High | High |
Regular e-learning | High | Middle | Middle | Low | Middle |
iTrivio | Middle | High | Low | Middle | Low |
ROI
This analysis provides the answer for following questions: "Is it really worth of that money?" In other words: which are the total costs for the education program development and what are the total benefits? The costs include directs costs, such as payments for lectors, and indirect payments, such as the time value, as well. Financial benefits can be seen in the form of costs savings, improvement of work productivity and increase of company profits.
All projects have to be measured for a specific period of time. Education programs based on technology will not be used for ever - the common recognized period for an assessment of a education program is set to 3 - 5 years. The efficiency of these is determined by factors, such as contents modifications, technology development and business trends. Most of the ROI studies show that education based on technology are more expensive within short period of time in terms of development and distributions, but will pay off after a while.
Download ROI calculatorThe best way for the economic impact assessment of e-learning is to compare it with regular face to face training or lesson. The question is therefore: How much does the regular education cost and how much does e-learning cost?.