“Feasibility Study” Is E-learning for You ?. E-learning Concepts and its significance 1 1 Scope of Implementation 2 2 Feasibility Tests 3 3 Implementation

“Feasibility Study”

Is E-learning for You ?

E-learning Concepts and its significance1

Scope of Implementation 2

Feasibility Tests 3

Implementation Plans4

Success Stories5

Table of Contents

Absorb

Understand

Listen

Read

See

LEARN

Classroom Training

Time Constraints Trainer quality No understanding in bad Environment Lack of Self Motivation Being Absent is Losing No repetitions Tedious Shyness to ask queries

E-learning Concepts and Significance

Limitations

Absorb

Understand

Listen

Read

See

E-Learning

Did not U

nderstand! Benefits No Timing Constraints Extremely Low Cost Easy Monitoring Instant review/results Training Need Identification Effective Performance Linking Best Online Trainer Consistent Uniform Delivery of Content High Efficiency Environment of your choice Develops Self Motivation Saves Paper Global Reach Repeat unlimitedly Never miss a class


E-Learning Essentials


Governments

ManufacturingOrganizations

Universities

ServiceSectors

Scope

E-learning is vital everywhere!

Scope of E-learning Implementation

Regulatory Bodies

Current Market Study

Environmental Feasibility

Financial Feasibility

Technological Feasibility

Feasibility of E-learning Implementation

Current Market Study Environmental Feasibility Financial FeasibilityTechnological Feasibility

Market Trends

2

• Individual buyer considers Fee , Packaging Quality and Method

• Corporate buyer considers reputation of service provider, After sales service, Presentation and Past Experience.

• Market is looking for both Pre-developed Content and Customized Content.

Demand

3

• $378.4 million industry in Middle East in 2011.

• The average growth rate till 2011 had been 8.2%.

• It is projected to reach $560 million by 2016.

• Private, public, education and every sector is demanding E-learning system.

Prices in the Market

4

• Prices range from $100 to $500 for readymade modules.

• Customized content comes at a little higher price.

• LMS Development ranges starts as low as $5000.

• Advanced LMS ranges more than 10,000-15,000 USD.

Consumption

1

Current Industry Size: $56.2 billion

America: 77% organizations are using e-learning.

Currently U.S. and Europe utilizes world’s 70 % of the e-learning,

E-learning saves around 50-70% cost of the corporations from the instructor based trainings



Saves PaperGovernments

working to digitalize text

books

Save PaperSave TreesSave Earth

Organizations are also inclined to be

Environmental Friendly

Saves travelling thereby saving fuel carbon emission.

Eliminates need of additional power for cooling or heating



EssentialsComputer Literacy

Devices to access content.

Server for LMS

Administrator to know complete system.

E-learningTechnology

Status Increasing massively.

Available with everyone.

Needs training.

Admin to be trained to manage the system.

Small technological needs that can be catered easily.



Cost Recurrences ApproxServer Annual $2000 - $50000 (as per requirement)

LMS One time $5000

Modules One Time $100 - $1000

Module updating One Time $50 - $300

Access Points Nil 0.00

The cost of an e-learning system may be higher for the first year (which generally is not higher than classroom training), but next year onwards the cost comes down significantly.

Lately, only the cost of updating the modules, buying/developing new modules and the server fee is incurred.

Almost 70% of the cost is saved from next year.

Check the comparison chart of classroom training and e-learning further.



Overhead “Old School” Training E-learningTrainees Salary Cost approx.($20/hour) (8hrs * 2500 employees) (1 day training schedule) (paid for not working)

$4,00,000 -

Travel Costs (assuming 50% of the employees travelling)(1250 * $150)

$1,87,500 -

Trainer Wages (50 sessions(with 50 employees in one session) * $1000 per day)

$50,000 $10000

Trainer Traveling (approx $500 per visit) $25,000 -Development cost (customized training) $1,50,000 $5,00,000Delivery equipments cost $25,000 $35,000Total $8,37,500 (Annual cost) $5,45,000 (first year only)*

These figures indicate that the e-learning approach, given conservative assumptions, saves approximately 35% in the first year of implementation. In the second and later years when development costs are not a factor for this course, the savings for e-learning grows to nearly 70% even after compromising 25% cost on miscellaneous expenses. So it’s clear that e-learning model is very cost effective in comparison of traditional model.



Old School Training E-learning

400000

0

187500

0

50000

10000

150000

500000

2500035000

Comparison Chart

Delivery Equipment

System Development

Trainer Travel expenses

Trainer Wages/ Fee

Travel Costs of Trainees

Trainees Salary Cost

Major cost is System Development Cost which is just a one time expense in E-learning.


LMS fully loaded with Online Courses

LMS

Coding from

Developer

Refined Content

from Trainer

Employees access LMSEmployees access LMS

Increased PerformanceIncreased Performance

Good content

Suggestions and reviews

Saving huge training costs Instant Knowledge Sharing Regular Sessions Timing as per convenience

Saving huge training costs Instant Knowledge Sharing Regular Sessions Timing as per convenience

Implementation Plan – Service Sector

Implementation Plan – Education Sector

E-learning Model for Education Sector

Analysis

Planning

Design

Development

DeliveryEvaluation

E-learning Model for Manufacturing Organizations

Implementation Plan – Manufacturing Sector

What is Common?

Implementation Plan

Win Win Factor

1. Sharekhan Ltd.

Installation of LMS on the server with modules.

Introducing the employees with the LMS and made the study of the modules linked to performance.

Costs came down significantly and the efficiency of the employees also increased.

Had to conduct trainings at more than 100 locations in a year for a single topic.

Huge cost incurred in organizing trainings across the country.

Had to reduce costs and increase the efficiency of trainings, so needed a system to cater to all training needs of new & old employees.

Decided to implement e-learning through LMS.

Some modules were bought readymade and some were made proprietary.

First Class Performance

Win Win Situation

Efficiency

Incre

ased

Success Stories

2. Hamdan Bin Mohammed e-University (HBMeU)

Started with a vision of paperless University being completely online

Little enrollments of students

Year 2002

Strong Vision, Mission & Approach

Complete Content online thoroughly

Continuous Ach

ievements and Succe

ss

Achiever

One of the world’s largest

online university now.

Success Stories

Super Savings by LMS & sate l l i te network not required

Al l t ra in ing through LMS

Compulsory t ra in ing

Significant LMS growth

Initial cost

High Tra in ing Cost

500+ locations

10000+ employees

3. Rollins Inc.

Exceptional cost saving and Extremely quick training system implemented

Installed LMS & live online training system

Similar knowledge to the employees was important

Used to conduct employees Training in classrooms through satellite.

Success Stories

Overachieved

4. Hillphoenix

Huge network of dealers, consumers,

technicians etc.

Needed to train employees and dealers for products

Cost of training frequently was high and rising

Insp

ired

to d

evel

op e

-lear

ning

sys

tem

.

Dev

elop

ed a

sys

tem

to

trai

n t

he e

mpl

oyee

s

Currently the system is used across the world by not only

employees of Hillphoenix but

several others also. It has become a kind of

knowledge system itself.

Success Stories

5. Coldwell Banker Real Estate LLC A Real Estate company, turned into a global e-learning organization

Mani challenge was to provide learning solutions for more than 90000 employees and 3300+ locations in 50 countries.

Objective is to train the associates, implemented a e-learning portal.

Turned to a network of associates and sales people

Initially it was Real Estate Company

Success Stories

6. Yum Brands

Standard pattern of flavor & culture

Had to be followed across the globe similarly

This required training to all employees

Across Borders training was difficult

Differences according to region were vital but no records available.

Implemented LMS to be accessed PAN earth and assort the best practices also.

Managing 37000 restaurants in 110 countries with different culture and recipes now.Exactly same recipes across and also identified and saved regional preferences.

Success Stories

Thank You

E-learning is Definitely for You!

Documents

“Feasibility Study” Is E-learning for You ?. E-learning Concepts and its significance 1 1 Scope of Implementation 2 2 Feasibility Tests 3 3 Implementation