Elearning vs Classroom ROI
One of the biggest challenges that proponents of elearning have is demonstrating ROI for this modality of training. As is with any large expenditure in an organization, projects need to prove they will deliver a benefit to justify the investment. So what costs should you consider when trying to calculate your ROI? Here are a few items to consider:
Logistical Costs:
Number of participants
Number of days training
Classroom cost per day
Travel cost per day
Material cost per participant
Development Costs:
Needs assessment
Instructional design
Module programming
Deployment Costs:
Classroom space
Materials
Participant travel
Participant wages
Instructor wages
Instructor travel
There could be other variables to factor in here depending on the specific type of training, but this is a good starting point. The numbers will be different for everyone but basically you can have a column total for elearning and a column total for classroom training, and see how those totals compare to each other.
