The financial benefits of eLearning
In the pioneering days of eLeaming, many institutions suffered from significant levels of investment in eLearning initiatives that brought poor returns. Increasingly, eLeaming projects are required to justify the budgets they request from decision-makers. However, the benefits of eLearning in terti...
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| Format: | Article |
| Language: | English |
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Flexible Learning Association of New Zealand
2012-05-01
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| Series: | Journal of Open, Flexible and Distance Learning |
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| Online Access: | https://jofdl.nz/index.php/JOFDL/article/view/131 |
| _version_ | 1797963693992968192 |
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| author | Mark Nichols |
| author_facet | Mark Nichols |
| author_sort | Mark Nichols |
| collection | DOAJ |
| description |
In the pioneering days of eLeaming, many institutions suffered from significant levels of investment in eLearning initiatives that brought poor returns. Increasingly, eLeaming projects are required to justify the budgets they request from decision-makers. However, the benefits of eLearning in tertiary education tend to be less quantitatively obvious than the financial gains that corporate training through eLeaming can realise. This paper examines the issues faced by tertiary educators when comparing their eLeaming activities with those of corporate trainers, and suggests ways in which specific Learning projects, both courses and elements within courses, might be justified using CBA (cost-benefit analysis) and ROI(return on investment). The approach suggests ways in which the financially intangible aspects of improved learning and institutional reputation might be considered when justifying eLeaming expenditure.
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| first_indexed | 2024-04-11T01:32:18Z |
| format | Article |
| id | doaj.art-28d64839f9cd47d6ae79445e60d85dbf |
| institution | Directory Open Access Journal |
| issn | 1179-7665 1179-7673 |
| language | English |
| last_indexed | 2024-04-11T01:32:18Z |
| publishDate | 2012-05-01 |
| publisher | Flexible Learning Association of New Zealand |
| record_format | Article |
| series | Journal of Open, Flexible and Distance Learning |
| spelling | doaj.art-28d64839f9cd47d6ae79445e60d85dbf2023-01-03T09:22:37ZengFlexible Learning Association of New ZealandJournal of Open, Flexible and Distance Learning1179-76651179-76732012-05-0181The financial benefits of eLearningMark Nichols0Universal College of Learning In the pioneering days of eLeaming, many institutions suffered from significant levels of investment in eLearning initiatives that brought poor returns. Increasingly, eLeaming projects are required to justify the budgets they request from decision-makers. However, the benefits of eLearning in tertiary education tend to be less quantitatively obvious than the financial gains that corporate training through eLeaming can realise. This paper examines the issues faced by tertiary educators when comparing their eLeaming activities with those of corporate trainers, and suggests ways in which specific Learning projects, both courses and elements within courses, might be justified using CBA (cost-benefit analysis) and ROI(return on investment). The approach suggests ways in which the financially intangible aspects of improved learning and institutional reputation might be considered when justifying eLeaming expenditure. https://jofdl.nz/index.php/JOFDL/article/view/131e-learningcost-benefit analysisreturn on investment |
| spellingShingle | Mark Nichols The financial benefits of eLearning Journal of Open, Flexible and Distance Learning e-learning cost-benefit analysis return on investment |
| title | The financial benefits of eLearning |
| title_full | The financial benefits of eLearning |
| title_fullStr | The financial benefits of eLearning |
| title_full_unstemmed | The financial benefits of eLearning |
| title_short | The financial benefits of eLearning |
| title_sort | financial benefits of elearning |
| topic | e-learning cost-benefit analysis return on investment |
| url | https://jofdl.nz/index.php/JOFDL/article/view/131 |
| work_keys_str_mv | AT marknichols thefinancialbenefitsofelearning AT marknichols financialbenefitsofelearning |