How to do cost estimation of a elearning project

Sep 03, 2019

Anusha Nair
By Anusha Nair

Hello,

I am new to ID, i want to understand how to do the cost estimations for a project which involves:

  • Resource hours involve
  • Cost Budget
  • Cost estimation
  • Seat time
  • Resource allocation

Will be great if someone can share real instances with data.

Thank you,

RP

1 Reply
Nicole Legault
over 4 years ago09/06/19 at 12:18 pm (UTC)

Hi there RP!

Thanks for posting your question here. That's a great question! Here's an article I've written that will walk you through step-by-step how to do a cost-benefit analysis to identify the ROI of your training: How to Calculate the Cost-Benefit of E-Learning.

You might also benefit from having a look at this article: How to Prove the Value of Training to Your Organization. Lots of additional links and resources in that one that might help you out. Best of luck!

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