Thursday, December 15, 2011

Top Five E-Learning Budget Breakers

Budget is the crucial part of any plans be it financial plans, business plans or creating an interactive eLearning course. Recently, Raptivity organized an expert webinar on “Interactive Courses on a Shoestring Budget”. The webinar shared insights into the key challenges being faced by course creators, and how these can be addressed while staying within the boundaries of technology, customer requirements and shoestring budgets.

Deciding on budget is the most crucial part of any eLearning course. Vikas Joshi, one of the key speakers of the webinar shared the Top Five Budget breaking situations while creating an interactive course. Here is a brief of the reasons for your quick reference:

1. Learning Curve:

There are numerous learning tools in the industry today but not every tool can solve our purpose to create interactive learning courses. Different tools require varied learning time by the instructional designer to understand, plan and execute. This budget breaker talks about the situation where we spend lot of time in just learning various tools to meet our needs. This is a hidden cost which affects overall production budget, if we do not recognize it.

Top 5 eLearning Budget Breakers

2. Sample Creation:

No course can be created without getting the sample approved by the clients. The cost of creating a sample is required to create a sample course which is sent to the prospective clients before creating the actual project. The sample helps the clients to understand the capabilities and options that can be provided while actual course creation. This cost usually is forgotten to add to the production cost.

3. Getting Help:

This situation occurs when the instructional designer is using a product to create a course, gets stuck in between and needs help to continue. There can be few options available in such situations like community, local representative of the company, product experts or the premium support for that product or service. Many a times, these options are not available due to some reason or the other. Vikas Joshi suggested that going for a premium support is a good option in such cases.

4. Making Changes:

Sometimes, after a course is delivered to the client, certain suggestions, additions or deletions in the content or the design come up from clients. To accommodate client suggestions or requirements, the efforts and the cost incurred are not recognized and this is how the budget gets hassled up.

5. Migration Cost:

Over a period, tools are updated to meet market requirements. Hence, migrating existing courses to new tools need to be considered. For example, LMS change, 508 compliant support required, mobile learning requirement, etc. These costs can also make a eLearning course budget over run.

Migration

Overall, it was an enriching experience which helped in understanding the importance of budget in creating interactive eLearning courses. While considering selection of any tool for a course creation, instructional designers and course creators should keep in mind these scenarios and select the best tool which meets their requirements. You can also view the recording of this webinar by just clicking here or write to info@raptivity.com for the webinar presentation.