Cost of developing 1 hour of elearning

I wanted just to continue and add to this discussion, I been discussing this  issue for a while that comes with pricing 1 hour of e-Learning.

In some cases 1 hour e-Learning is counted by the amount of screens, but that is not sufficient enough because some screens can be more complicated vs others.

We developed a tool which looks at 3 components:

Multimedia Complexity (how complex is the interactive media/content in your e-Learning course)

Level of Interactivity (interactivity level, how much does the user interact with the content/media)

Multimedia and Interactivity Percentage (if you have an entire course how much of it is plain text and images and how much of it is interactive)

The second set of questions, is how well is the content structured and documented, is it in the SME's head only etc.

Another question we ask is how complex is the subject and if assessments are prepared. Lastly we have to look at things like is this course independent learning is it instructor led, does it need to be compatible with mobile phones, is it rapid, is it blended etc.

When it comes to revisions, I think any developer has to set the amount of revisions allowed or have a revision policy when starting development, anything outside of the revision policy set should cost extra:

Example outside of a revision policy might be: Developer, spends hours to develop and interactive media piece. Client decided to change the storyboard and go with a different concept in which nothing can be re-used from the previous interactive media piece. (should be specified in your revision policy that major changes like this may cost more)

I would invite you to try to the tool and let me know your thoughts, the tool has tool tips that explains lots of things in detail and it tries to give a close approximation for developing online courses.

Tool can be found at:

www.scholarixsolution.com/pricing