Matthew Carbone
Project: Internet Searches
T his project included four separate Internet searches
– indicated by the prefix 1-4 with between 7-10 searches each. The search categories are financial and LMS as indicated.
T he search criteria used for the financial category focused on financial aspects regarding online education and training including
Learning Management Systems (LMS). The LMS category focused on Learning Management Systems both vendor and articles of interest regarding Learning Management Systems.
T his project was a challenge in finding appropriate search results especially within the finance aspects. In the first financial search at the beginning of the course, it was harder to determine future needs that might help or support a future group project. Keeping my eyes open to new information concerning financial and learning management systems is helpful and I gained a lot by completing this project. The Internet provides the opportunity to gain new insights.
I hope you enjoy visiting some of the websites below as much as I did.
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
1 of 39
Matthew Carbone
Project: Internet Searches
Internet Search #1
–
Financial Aspects:
1.1 (Financial)
Type: Financial concepts
Keywords: ROI online education training
LMS
Search engine: http://www.educause.edu
Comments: I liked this article because it discusses the issue of the “soft” intangible value of educational investments. ROI in a traditional sense is measured based on concrete objectives although assumptions may be highly subjective. The author describes VOI as elements defined by Gartner research - in short it has five measurable elements; business process innovation, cultivation, collaboration, competencies, and leadership.
September 2, 2003
Donald M. Norris
ECAR
Article URL: http://www.educause.edu/ir/library/pdf/ERB0318.pdf
Website: http://www.educause.edu
” A great deal of attention is being paid to the value of information technology itself and to the value of the IT investments that higher education has made.
Value on investment is a benchmark that embraces the intangible value of information technology initiatives as well as tangible measures, such as return on investment. As higher education faces greater demands for accountability, increased demands for new student services, and new competition in a declining economy, strategies for coping should consider both tangible and intangible outcomes. This research bulletin describes how to assess the value of information technology investments and how to leverage those investments to deal with today's higher education environment.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
2 of 39
Matthew Carbone
Project: Internet Searches
1.2 (Financial)
Type:
Keywords:
Financial Break-even on-line calculator (graph), Tool
ROI, CBT, WBT
2001
Prof. Jos
é A. Rosa
Weatherhead School of Management at
Case Western Reserve University
Article URL: http://connection.cwru.edu/mbac424/breakeven/Bre akEven.html
Website: http://connection.cwru.edu
”A glossary of terms used by businesses when talking about the concepts involved in break-even analysis.
”
Search engine: http://scholar.google.com
Comments: I selected this interactive web form based on following ideas. a) It was financial and the terms related to our readings. b) It has clear definitions of financial terms. c) It produces graphs and reports from minimal data entry. D) It could double verify some financial information – for triangulation in projects as a secondary source.
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
3 of 39
Matthew Carbone
Project: Internet Searches
1.3 (Financial)
Type: Finance Corporate
Keywords: How to calculate e-learning elearning
Search engine: http://scholar.google.com
Comments: I selected this article since I am on the Corporate side of the house. I liked the way the author brought together the financial ROI aspect along with Kirkpatrick’s educational approach. I believe in the end you need to know about the budget/financial, educational/quality and time consideration/constraints in project decision making.
2004
Dr. Karen Anderson, PHD
Dr. Gary Woodill, ED.D
Operitel Corporation
Article URL: http://www.learnflex.com/pdf/ROI.pdf
Website: http://www.learnflex.com
Abstract:
”The document begins by defining the Return on
Investment for organizational training and follows with a discussion of how the deployment and implementation of on-line training system affects the
ROI of a typical organization. “
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
4 of 39
Matthew Carbone
Project: Internet Searches
1.4 (Financial)
Type: Finance Corporate
Keywords: measuring ROI elearning elearning
Search engine: http://a9.com
Comments: This article looks at Corporate training and formulates the value of training. It has a good checklist to help determine tangible/intangible ROI considerations. It does not take into consideration the risk of the person leaving the Corporation after training but looks at the positive impact of training by reducing turnover. Looking at the positive impact when trying to sell online learning to the Corporation - is a good thing.
This article also discusses a formulation for calculating training's value this includes a formula that takes total benefits of training dollars multiplied by 100 divided by the total training program for a percentage ROI value.
June 2001
By John Setaro
Article URL: http://www.learningcircuits.org/2001/jun2001/elearn.
html
Website: http://www.learningcircuits.org
Abstract:
”E-learning may be the wave that carries the future of corporate training. But if that wave is ever to crest, corporations must be able to determine a financial return on their investment. Only if early adopters can truly demonstrate an ROI in dollar figures will e-learning wash over corporate culture and change its landscape.
“
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
5 of 39
Matthew Carbone
Project: Internet Searches
1.5 (Financial)
Type:
Keywords:
Finance Corporate measuring ROI elearning elearning
Search engine: http://a9.com
Comments: This article brings out some important points about the new demands for accountability, during slow economic times, knowing the financial impact in all business areas allows the business to set proprieties and get the most ROI. I found the article’s key concepts of cost-benefit analysis very interesting with reference to comparing the life of the training effort
– 3-5 years, comparing alternative delivery options – face to face with online, size of audience, seat time – how long will students spend in their seats or in front of the computer in training, along with associated cost factors.
2002-2004 by Kevin Kruse
Article URL: http://www.e-learningguru.com/articles/art5_1.htm
Website: http://www.e-learningguru.com
Abstract:
”The classic evaluation model developed by Donald
Kirkpatrick looks at four levels: student reaction, knowledge transfer, behavioral change, and business results (Kirkpatrick, 1975). Critics of
Kirkpatrick model say that it doesn't take the business impact far enough and that the final step in any training program should be a "fifth level" of evaluation -- financial return. This ultimate evaluation determines the financial return on investment (ROI) of the training program.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
6 of 39
Matthew Carbone
Project: Internet Searches
1.6 (Financial)
Type: Finance Calculator
Keywords: measuring ROI elearning elearning
Search engine: e-Learning Centre.UK http://www.elearningcentre.co.uk/eclipse/
Resources/costs.htm
Comments: Just one more tool in my toolbox; since this Internet search for financial sites was one of the first I needed to do - I was looking for answers, possible solutions, insights and concepts for future group projects.
2000
William Horton Consulting Inc.
Excel URL: http://www.designingwbt.com/content/roi/WBTROI9
5.xls
Website: http://www.designingwbt.com
Abstract:
”Estimating costs of training projects is a black art only slightly more precise than reading tealeaves or bird entrails. These spreadsheets offer a framework —or just a framework for a framework— for estimating costs."
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
7 of 39
Matthew Carbone
Project: Internet Searches
1.7 (Financial)
Type: Finance Calculator
Keywords: e-learning ROI
Search engine: http://www.search.com
Comments: In my quest for the definitive answer on ROI, I selected this site. It is a great article for beginners with a checklist
– questions to consider and a process to follow - a place to get started. It has links with abstracts and defines ROI, total benefits and costs.
This article dates back to 2002 - some of the links are broken. I still found the main article informative on my journey for ROI information.
April 5, 2002
Marcia L. Conner
Article URL: http://learnativity.com/roi-learning.html
Website: http://learnativity.com
Abstract:
”The problem is that nobody is quite sure what the appropriate metrics are for measuring ROI for learning. Is it student throughput or time to mastery? Is it dropout rates or full-time equivalents returned to the workforce? One thing is certain: many smart people are completely befuddled by the topic.
” This mini-primer will get you started examining the right metrics for your organization.
”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
8 of 39
Matthew Carbone
Project: Internet Searches
1.8 (Financial)
Type: e-Learning Portal
Keywords: measuring ROI elearning elearning
Search engine: e-Learning Centre.UK http://www.elearningcentre.co.uk/eclipse/
Resources/costs.htm
Comments: I liked this article because it considers the cost effectiveness of face-to-face learning with on-line learning. The cost matrix template on page 7 is a line-by-line comparison of both the online and face-to-face environments this could be useful as a starting point for this type of evaluation. I like the fact that the article mentioned the use of standards in the cost matrix and that it is “consistent with the basic
Instructional Systems Design (ISD) model for training (Beckschi & Doty, 2000). Each stage of the ISD model (Analyze, Design, Develop,
Implement, and Evaluate) ” This is similar in approach to the project life cycle methodology used in software development.
Sharon Jeffcoat Bartley
Jennifer H. Golek
Article URL: http://www.ifets.info/journals/7_4/16.pdf
Website: http://www.ifets.info/journals
Abstract:
”Online instruction is gaining an increasing presence due to the benefits associated with it, ability to consolidate education and training across geographical and time constraints, and many that online education and training is cost efficient. This paper provides a relatively concise history of online learning, and a discussion of issues to be faced by the professional who intends the education and training environment online in response to the current academic environments. It presents a cost matrix tool by which the costs of online education and training tabulated and/or compared with the costs of the traditional education and training medium.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
9 of 39
Matthew Carbone
Project: Internet Searches
1.9 (Financial)
Type: e-Learning Portal
Keywords: measuring ROI elearning elearning
Search engine: e-Learning Centre.UK http://www.elearningcentre.co.uk/eclipse/
Resources/costs.htm
Comments: This article builds on the four
Kirkpatrick levels - it discusses a methodology that generates a scorecard for that particular program. The scorecard measures performance, representing both qualitative and quantitative data at different periods and from various sources. I found this article valuable in its list of common cost savings and helpful along side more traditional financial aspects.
October 2003
Jack J. Phillips, Ph.D.
Article URL: http://www.clomedia.com/content/templates/clo_fairf ield.asp?articleid=275
Website: http://www.clomedia.com
Abstract:
”For years, there has been debate about the appropriateness of return on investment (ROI) as a measurement tool for learning and development
(L&D). Today, the debate has shifted to the ways in which ROI can be integrated into other measurement processes. Much of the use of ROI has come from pressure from senior executives requesting value and, in some cases, outright demands for ROI for certain programs —or face the consequences of budget cuts. These requirements have led the L&D function to face reality: ROI is an issue that will not go away."
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
10 of 39
Matthew Carbone
Project: Internet Searches
1.10 (Financial)
Type: e-Learning Portal
Keywords: "e-Learning costs"
Search engine: www.Yahoo.com
Comments: I found this article’s point on benefit cost ratio interesting in its approach to
ROI. I found the performance metrics interestingly tied to job related or core company competitiveness a well-designed concept. I can visualize and identify real value in terms of this article’s granular approach to costs and the value added to an organization in favor of online learning.
2003
Karl M. Kapp and Nancy Vasta
Article URL: http://www.karlkapp.com/ROI.pdf
Website: http://www.karlkapp.com
Abstract:
”The e-learning industry has responded with various
ROI calculation methods that focus on delivery cost savings of e-learning vs. traditional instructor led training. While this approach is adequate for a quick and dirty ROI, it ignores what clients are most interested in… the benefits of improving employee performance.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
11 of 39
Matthew Carbone
Project: Internet Searches
Internet Search #2 - Learning Management Systems (LMS):
2.1 (LMS)
Type:
Keywords:
LMS
Lotus
Search engine: http://www.google.com
Comments: My company uses IBM Lotus Notes for e-mail, Domino for our Intranet and other
Lotus products for collaboration. Lotus has had a Learning suite for a while this is a newer version supporting newer standards to fight the competition. IBM/Lotus products can get inexpensive. If you are already an IBM/Lotus shop then it may be worth evaluating. It would not be my first choice - as a web developer I do not view IBM/Lotus as an innovative company.
URL: http://www.lotus.com/lotus/offering6.nsf/wdocs/hom epage
Website: http://www.lotus.com
Abstract:
”
Manage All Your Training Activities From a
Single Platform.
Do you need an easy way to manage classroom-based and e-learning resources, courseware, and events? Is tracking and reporting on student activities becoming more timeconsuming and complex? The new IBM Lotus
Learning Management System can streamline your entire organization's training programs, saving time and money. This powerful new learning management solution can make training convenient and efficient for you and your users.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
12 of 39
Matthew Carbone
Project: Internet Searches
2.2 (LMS)
Type:
Keywords:
LMS
LMS
Search engine: http://www.google.com
Comments: I picked this site as an alternative to mainstream vendors. They list AOL and
Verizon as clients. Technically their products are
Microsoft Certified, but I could not any whitepapers on customizable aspects of their product and support for developers. I found their website poor so I would probably not consider their products, for example, I tried to view a demo and had to fill-out a form; it allowed me to put in dummy data. The form did not even validate a valid email address. This is my first impression
- it might count against them if I had to evaluate their product.
URL: http://www.learn.com/learncenter.asp?id=178410
Website: http://www.learn.com
Abstract:
”LearnCenter is the industry leading e-learning and
Human Capital Development
Management platform which empowers any organization to integrate training and reporting flawlessly. LearnCenter delivers the ability to launch, manage, track, and assess enterprise-wide e-learning, both in the classroom and online. LearnCenter creates a cost effective, high quality training environment designed to specifically meet the unique needs of any organization.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
13 of 39
Matthew Carbone
Project: Internet Searches
2.3 (LMS)
Type: ERP/LMS/LCMS
Keywords: SAP LMS
Search engine: http://www.google.com
Comments: I picked this site since my company is currently implementing SAP as our
LMS/LCMS. I look forward to a tour and a test drive from my fellow IT associates working on the implementation. I am also hope to apply my
NYU Instructional Design knowledge to create courses for Intranet content managers using the
SAP LMS. The SAP LMS will help my company benefit from integration with Human Resource
SAP modules - this will save time and effort and allow for the possibility global e-learning within my organization.
Article URL: http://www.sap.com/usa/solutions/businesssuite/erp/hcm/learningsolution.aspx
Website: http://www.sap.com/usa/index.aspx
Abstract:
” SAP Learning Solution is the only enterprise solution that integrates back-office ERP functionality with both learning management system (LMS) and learning content management system (LCMS) functionality in a single offering. It provides an enterprise learning platform capable of managing and integrating business and learning processes -- and supporting both e-learning and classroom training, as well as synchronous and asynchronous collaboration. It is fully integrated with mySAP ERP, and includes content authoring, content management, and learning management functionality, as well as a learning portal. “
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
14 of 39
Matthew Carbone
Project: Internet Searches
2.4 (LMS)
Type: LMS
Keywords: Blackboard
Search engine: http://www.google.com
Comments: I picked this site since my NYU group did extensive analysis on the Blackboard
“BB” platform. I was impressed with
Blackboard’s product line and number of features as well as the standards supported.
According to the Blackboard website - it has taken seven years to develop Blackboard. I did not find BB as the “end all” of LMS systems. It is a great common base for facility and trainers to concentrate on content and sharing, for example, sharing learning objects and templates. BB can integrate with other products like Centra for a price.
URL: http://www.blackboard.com/products/academic/inde x.htm
Website: http://www.blackboard.com
Abstract:
”Blackboard's Professional and Educational
Services are the key to the successful adoption and optimum performance of the Blackboard Academic
Suite™ and the Blackboard Commerce
Suite™. We offer a wide array of services to enable your success with Blackboard, including technical consulting, training, hosting, support and hardware solutions.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
15 of 39
Matthew Carbone
Project: Internet Searches
2.5 (LMS)
Type:
Keywords:
LMS
LMS
Search engine: http://www.nytimes.com
Comments: I picked this site as an alternative to the mainstream LMS vendors. They appear to have some big clients, for example, Toyota,
Lexis as well as AOL. I found AOL as a client on another small vendor’s site as well; AOL is using this LMS for Sales and Marketing. As a first impression, I found the company’s website poor.
If they need to ask me to fill-out a form before I can view a Flash demo - without privacy policy on their website – this does not make a good first impression for an evaluation.
Article URL: http://www.vuepointcorp.com/lms_lcms.php
Website: http://www.vuepointcorp.com/lms_lcms.php
Abstract:
”
Learning Management Systems (LMS) manage essential learning activity such as registration, scheduling, reporting etc. Learning Content
Management Systems (LCMS) manage learning content.
Vuepoint enables clients to manage both of these inter-related activities from a single platform via the
Vuepoint Learning System (VLS). The advantage is greater effectiveness and reduced cost of ownership.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
16 of 39
Matthew Carbone
Project: Internet Searches
2.6 (LMS)
Type: Finance Calculator
Keywords: measuring ROI elearning elearning
Search engine: e-Learning Centre.UK http://www.elearningcentre.co.uk/eclipse/
Resources/costs.htm
Comments: I picked this site as another alternative to the mainstream LMS vendors. I was not impressed with this vendor from a technical standpoint. Their d emos were “not friend ly” and did not allow for positive reinforcement in a first pass evaluation. From a developer’s standpoint, they appear to use
Microsoft’s older ASP technology vs. .NET technology. Demos did not show what an
Instructor or faculty would need to know to create courseware.
Excel URL: http://www.sumtotalsystems.com/products/stlms.ht
ml
Website: http://www.sumtotalsystems.com
Abstract:
” TotalLMS is an enterprise-wide, globally scalable application for managing learners, content, and resources. Organizations can centrally prescribe personalized training to individuals, while segmenting functionality and data based on organizational structures such as location, department, or customer. TotalLMS provides unparalleled levels of functionality and support for any blend of delivery environment: self-paced Web, live interactive Web, instructor-led courses, on-thejob training, seminars, mentoring and written documentation.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
17 of 39
Matthew Carbone
Project: Internet Searches
2.7 (LMS)
Type:
Keywords:
LMS
LMS
Search engine: http://www.Macromedia.com
Comments: This company has an impressive list of customers, for example, DaimlerChrysler,
Stanford University, Gartner, Adobe, IBM (they have their own LMS – this tells you something about theirs), Intel, Sun and others. Support for integration with several mainstream LMS systems, for example, SAP and Macromedia
Breeze. Also works with PowerPoint for ease of use. DigitalThink's e-briefings are a possible quick, easy, and low-cost solution for Sarbanes-
Oxley compliance. My first impression of their website was great they even offered me a demo of their product without asking me to fill out an email!
Article URL: http://www.digitalthink.com/dtfs/products_services/
Website: http://www.digitalthink.com/
Abstract:
”
Our e-learning products and services are designed to accommodate any need, schedule, budget or environment - from 100% outsourced development to working in tandem with your internal teams, from the most basic courseware to immersive simulation training, and from stand-alone content delivery to integration with your learning management system or enterprise application.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
18 of 39
Matthew Carbone
Project: Internet Searches
2.8 (LMS)
Type: LMS
Keywords: LMS
Search engine: http://www.macromedia.com
Comments: I found
Pathlore’s website very well organized with a good search engine - to find support information. They offer case studies and a Webinar series that support industry standards, for example, certification and regulatory compliance (e.g. HIPAA, OSHA, ISO
9000, JCAHO, and FDA).
Their LMS is called: XLMS
™ support includes the following:
Web services technology
Multiple languages
Features WebEx for collaborative delivery
“XLMX™ Developer Zone”
Host training at their University@
Pathlore.
Pathlore specializes in industry standards and compliances giving this company an edge.
URL: http://www.pathlore.com/index.asp
Website: http://www.pathlore.com
Abstract:
”Pathlore provides the most widely adopted learning management solution in the world. Millions of users in over 1,000 organizations rely on Pathlore’s learning-management offerings to drive their business performance. Whether your company’s success depends on developing and retaining employees, getting sales channels up to speed quickly on new products, increasing quality and customer satisfaction, or reducing the costs associated with regulatory compliance, Pathlore learning management solutions ensure that you achieve the maximum return on your investment in people.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
19 of 39
Matthew Carbone
Project: Internet Searches
2.9 (LMS)
Type:
Keywords:
LMS
LMS
Search engine: http://www.google.com
Comments: What does Oracle know about e- learning? Oracle purchased PeopleSoft to compete in this space against other ERP companies like SAP. According to CIO
Magazine 1 Oracle will support PeopleSoft until
2013 – migrating to a new Oracle/Peoplesoft joint platform.
Oracle LMS supports Compliance and is integrated with other Oracle systems that include the recruitment process, employee selfservice and Human Resource system modules.
Article URL: http://www.oracle.com/applications/human_resourc es/learning.html
Website: http://www.oracle.com
Abstract:
”Oracle Learning Management is an enterprise learning management system (LMS) that provides a complete, scalable, and open infrastructure that lets organizations manage, deliver, and track training participation in online or classroom-based environments. Learners interact with content, instructors, and peers at their own pace while facilitating the need for widely dispersed staff to be trained in a consistent fashion. Managers can automate key business flows - from order processing to training delivery; from performance appraisals to training assessments. Turn learning into a business advantage with Oracle Learning
Management.
”
1 http://www.cio.com.au/index.php/id;1401490287;fp;2;fpid;2
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
20 of 39
Matthew Carbone
Project: Internet Searches
2.10 (LMS)
Type: e-Learning Portal
Keywords: measuring ROI elearning elearning
Search engine: e-Learning Centre.UK http://www.elearningcentre.co.uk/eclipse/
Resources/costs.htm
Comments: The WBT Product appears to be mainly an LMS that works with other tools, for example, Dreamweaver, Flash, Authorware. I have seen articles on Macromedia’s site discussing WBT - this is positive. I was able to view, screen captures of their “WBT Author” product - my first gut reaction was that it might not be a friendly web environment and more of a homegrown system. “WBT manager” claims to be the “world's first AICC-Certified Learning
Management System”.
Article URL: http://www.ielearning.com/
Website: http://www.ielearning.com/
Abstract:
”
WBT Manager , has a rapidly growing reputation as one of the world's most reliable, best supported, user friendly and easy to implement Learning
Management Systems.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
21 of 39
Matthew Carbone
Project: Internet Searches
Internet Search #3
–
Financial Aspects:
3.1 (Financial)
Type:
Keywords:
Financial concepts e-learning, Business Model, economic aspects
Search engine: http://ideas.repec.org/
Comments: I found this article interesting - a
German University discussing sustainable business models for E-
Learning. I found “figure
1” to be interesting with “Manware” – administrators and “OrgWare” – upper management policies and bureaucracies. The article discusses a revenue model, profit maximization that includes activity, asset, and market models. This article was part of a sub conference on E-Learning in 2004.
October, 2003
Gabriela Hoppe, Prof. Dr. Michael H. Breitner
Article URL: http://www.wiwi.unihannover.de/fbwiwi/forschung/diskussionspapiere/d p-287.pdf
Abstract:
” E-learning strategies have to address economical, pedagogical and technological goals. For ensuring pedagogical and technological quality, different theories and models for e learning already exist, e. g. the Essen Learning Model (ELM). But there is a lack of theories and models ensuring economical quality in terms of marketable and sustainable products. This paper presents a framework for elearning business models. Its advantage is its suitability for products designed for computer based training (CBT) as well as for web based (WBT) or mobile based training (MBT).
”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
22 of 39
Matthew Carbone
Project: Internet Searches
3.2 (Financial)
Paul Harris
2004
Article URL: http://www.learningcircuits.org/2001/may2001/harris
.html
Website: http://www.learningcircuits.org
Type:
Keywords: e-learning, financial aspects
ROI, CBT, WBT
Abstract:
”
As if the e-learning market wasn't already crowded with aspiring new entrants, America's colleges and universities are joining in droves. How will their presence reshape the landscape for buyers and developers of e-learning technologies?
Search engine: http://scholar.google.com
Colleges and universities are in such a scramble to join the e-learning market that it's impossible to predict what will happen next.
Comments: According to this article, Stanford
University has discovered a new supply chain of knowledge.
I found it interesting that universities might be joining big business or are they big business already. This article discusses the use of branding for e-Learning and indicates that it does not automatically translate that content will be of higher quality.
According to this article, “Universities are moving in a variety of directions.” They mention our own, New York University among other schools setting up for-profit subsidiaries to exploit new markets.
Consider this: Nearly 47 percent of U.S. colleges offered some form of distance learning last year, making an estimated 54,000 university-level courses available online. According to analysts at
International Data Corporation, almost 90 percent of
US colleges will offer e-learning by the end of 2004.
IDC predicts that spending on distance learning technology by colleges and universities will grow at a 20 percent compound annual rate, from less than
US$300 million in 1999 to US$744 million in 2004.
In addition, investment in distance learning will reach a whopping US$2.2 billion in 2004, up from
US$900 million in 1999. “
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
23 of 39
Matthew Carbone
Project: Internet Searches
3.3 (Financial)
Type: Finance Corporate
Keywords: measuring ROI elearning elearning
Search engine: http://www.elearningcentre.co.uk
Comments: I found this article to be great for ideas on our group project. It had a nice outline of steps and measurements. It discusses five steps: 1) Gathering assumptions and baseline data, 2) Design and implementation costs 3)
Delivery costs 4) Administration and
Maintenance Costs and 5) Comparisons. In this example, they compared costs of instructor vs. technology driven - asynchronous content. I found this article useful as a possible starting point – a model for other types of e-learning comparisons that translate into savings.
Kevin Kruse
2002
Article URL: http://www.e-learningguru.com/articles/art5_2.htm
Website: http://www.e-learningguru.com
Abstract:
”The first step in cost-benefit analysis is simply to measure all of the direct and indirect costs involved in the design, development, delivery, and maintenance of the program. Because different industries have different ways of doing business, this process calls for some careful examination of how your organization goes about its daily work activities. So often, time is money. If you can more efficiently train employees then the time saved can be used for productive work. More work time is then translated into a financial benefit.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
24 of 39
Matthew Carbone
Project: Internet Searches
3.4 (Financial)
Type: e-Learning
Keywords: measuring ROI elearning elearning
Search engine: http://scholar.google.com
Comments: I found the e-Learning Suite to have a lot of interesting information on the financial aspects of e-learning. Some of the articles in this project are located on this site. I found this site a very helpful when I first started to search for information on the financial aspects of online learning. What I like best is it has a library specific to “Costs, benefits and ROI of elearning ”.
This site is from the United Kingdom – so far, I have not found anything in Euros.
UK e-Learning website
Website: http://www.elearningcentre.co.uk/eclipse/Resources/costs.htm
Abstract:
”This page provides links to resources that look at the costs (set up, development, delivery etc), the benefits of introducing e-learning and at the return on investment (ROI). Listed in order of entry with most recent first.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
25 of 39
Matthew Carbone
Project: Internet Searches
3.5 (Financial)
Type: Finance info
Keywords: ROI
Search engine: http://www.elearningcentre.co.uk/eclipse/
Resources/costs.htm
Comments: I enjoyed the article it offers a great seven-step outline and brings out interesting tips for corporations, for example, ROI benefits and audits as well as potential for ROI vs. the cost of doing business. This webpage also has many interesting sidebars on ROI, for example, ROI
Classic and ROI Crystal Ball .
Christopher Koch,
Darwin magazine, March 2002
Article URL: http://www.darwinmag.com/read/030102/roi.html
Website: http://www.darwinmag.com
Abstract:
"Y2K and the e-commerce gold rush made ROI analysis little more than an empty formality at most companies. Now ROI is back. We give you seven tips to see if your method measures up."
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
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Matthew Carbone
Project: Internet Searches
3.6 (Financial)
Type:
Keywords: e-Learning
– online calculator measuring ROI elearning elearning
Search engine: e-Learning Centre.UK http://www.elearningcentre.co.uk/eclipse/
Resources/costs.htm
Comments: I liked this online e-learning savings calculator for prototyping numbers. It helps in some cases to use triangulation - different methods to compare results
– that is my main reason for considered this site.
URL: http://www.syntrio.com/savings/
Training company
Website: http://www.syntrio.com
Abstract:
” Congratulations on your interest in e-learning as a strategy for reducing the costs and improving the effectiveness of your training and development efforts. Please answer the following questions about your corporate learning needs. We will generate an
ROI analysis based on your inputs.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
27 of 39
Matthew Carbone
Project: Internet Searches
3.7 (Financial)
Jack Phillips, Ed Trolley, and Jay Cross discuss the ROI of eLearning. 9/2000
Type:
Keywords:
Financial measuring ROI elearning elearning
Search engine: e-Learning Centre.UK http://www.elearningcentre.co.uk/eclipse/
Resources/costs.htm
Comments: I enjoyed this article it had some valuable insights, for example, they consider
“ROI is relative”. The article brings out an interesting point about “where you stand depends upon where you sit
.” In the article, they compare CEO, Line Manager, Training/HR, and the Worker/Learner. You can tell they had fun writing this article - when they discuss,
“Scientific rigor: The Baloney Detection Kit”. The article also goes on to discuss eLearning and
Cost-effectiveness.
Note: Not all links on the page work
Article URL: http://www.internettime.com/itimegroup/metrics.htm
Website: http://www.internettime.com
Abstract:
” eLearning infrastructure decisions are climbing up the corporate ladder. A few years ago, eLearning was pigeonholed as a cheaper, faster way to train employees. By default, eLearning decisions fell to the director of training or HR.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
28 of 39
Matthew Carbone
Project: Internet Searches
3.8 (Financial)
This work is licensed under a Creative Commons
License
Article URL: http://www.elearnspace.org/evaluating/roi.htm
Website: http://www.elearnspace.org
Type: e-Learning ROI
Keywords: The ROI of e-Learning
Search engine: http://a9.com
Comments: I found some interesting information on the elearnspace website. In this case, ROI and Costs are the focus of this web page with links covering various areas of ROI.
”E-Learning Analytics” By Josh Bersin was link and a good article on the concept of analytics, he discusses, for example,
Abstract:
”When e-learning first gained momentum, many colleges and university established separate forprofit entities to capitalize on this new market. For many higher education institutions, the vision of elearning was glittering with dollar signs. Many corporations eagerly embraced e-learning as a means to reduce costs and increase profitability...million dollar projects were initiated.
Somewhere in the last several years, however, a significant shift has occurred. For-profit schools closed their doors and dismal corporate results
(ROI) placed greater scrutiny on e-learning projects.
Many managers and administrators now demand a cost/benefit evaluation of e-learning before implementation.” How much did something cost?
What were the components of the cost?
Who took or completed a learning offering?
What can we do to improve it?
In his article, he has a chart that breaks down audience by “analytics needs”; I found this concept to be interesting.
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
29 of 39
Matthew Carbone
Project: Internet Searches
Internet Search #4 - Learning Management Systems (LMS):
4.1 (LMS)
Type:
Keywords:
LMS e-learning cost benefit approach
Search engine: http://scholar.google.com
Comments: The author of this article discusses the evolution from older e-Learning environments posing them as islands and somewhat non-social for student learning.
Compared to today’s e-learning environments that use virtual learning environments as being more social allows for group collaboration and sharing, the use of existing knowledge interchange to aid in the expansion of knowledge and enhancing the base of learning material.
Drew Wesley
2002
Article URL: http://www.aace.org/dl/files/IJEL/IJEL1441.pdf
Abstract:
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
30 of 39
Matthew Carbone
Project: Internet Searches
4.2 (LMS)
September 13, 2002
Article URL: http://www.learningcircuits.org/2002/sep2002/hartle y.html
Website: http://www.learnflex.com
Abstract:
”Getting management's support for e-learning is tough. This excerpt from Darin Hartley's book,
Selling E-Learning, outlines the major elements you'll need to construct a winning business case for your e-learning initiatives.
Type: Finance Corporate
Keywords: How to calculate e-learning elearning
Search engine: http://scholar.google.com
Comments: I liked this article because I can identify with the processes outlined in order to get buy-in/approval from Corporate management. E-Learning is a hot topic with sales, marketing, supply chain having the need with Information Technology implementing
Learning Management Systems to support the business goals and objectives.
The processes outlined in this article discuss cost-benefit and ROI approaches for the selection of appropriate e-learning courseware for development, analysis, and requests for resources among other topics.
Before we examine each element of a business case, consider the format in which you will present your business case. You could present it on a
Website, micro CDs, or digicards
(see.www.caemedia.com). You are pitching elearning.right?”
“
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
31 of 39
Matthew Carbone
Project: Internet Searches
4.3 (LMS)
Type:
Keywords: e-Learning e-Learning
Search engine: http://www.google.com
Comments: This article brings out some interesting aspects of the LMS vendor community. It discusses the concept of ASP as a possible solution – one vendor is offering their
LMS free - if you subscribe to their content. The term “utility ” pricing model is mentioned and the author referrers to LMS’ as commodities – when
I think of a commodities
– the first word that comes to mind i s “refrigerator”.
This article also discusses vendor patent litigation trends in the learning technology space; litigators prey on smaller vendors that make a profit on their courseware but cannot afford to fight.
Posted by Sam Adkins at June 21, 2004
Article URL: http://www.internettime.com/lcmt/archives/001433.h
tml
Blog site: http://www.internettime.com
Abstract:
” Related to the price competition and the commoditization of LMS technology is the rapid increase of ASP-based solutions. These usually
“pay-as-you-go” pricing models have tended to appeal primarily to smaller businesses. Now this utility-based pricing model is appealing to the larger companies. With all the enterprise vendors now preaching ‘on demand” (a euphemism for pay-asyou-go), the pressure is increasing on vendors that sell behind the firewall solutions. They depend on multiple-year "lock-ins" and that 18% annual maintenance fee for cash flow and revenue visibility. In the On Demand model, customers can opt for a monthly service and can cancel at any time. It will be hard for many vendors to move to a utilitybased pricing model.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
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Matthew Carbone
Project: Internet Searches
4.4 (LMS)
Report to the Vice-Chancellor's Advisory Committee
(VCAC) (March 2000)
Article URL: http://www.latrobe.edu.au/adu/pdf/1999_Online.pdf
Website: http://www.latrobe.edu.au
Type: LMS Comparisons
Keywords: Learning Management
System
Search engine: http://www.dogpile.com/
Comments: This article captures what appears to be a major collaborative effort back in 1999.
This university is located in Melbourne Australia
– it is also nice to know what that side of the world thinks of e-Learning. The article discusses various perceptions based on four LMS systems mainly, instructor workload and technical staff support issues.
I thought the name of “Web Course in a Box
(MadDuck)” was cool and students may have fun with this name. This article compared four
LMS systems in this article and WebCT was the one recommended. I selected this article as a potential conceptual model for a possible group study.
Abstract:
”In November 1998, the VCAC (VCAC 98/53) resolved to ask the Academic Development Unit
(ADU) to convene a working group to review online teaching/learning software packages, in order to make recommendations to Information
Technology Services concerning two packages for use in 1999. The working group was to be composed of representatives from Information
Technology Services (ITS), the 'Multimedia Centre'
(COMET) and all faculties.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
33 of 39
Matthew Carbone
Project: Internet Searches
4.5 (LMS)
North Dakota University
April 5 and 6, 2004
Article URL: http://www.nduso.org/HLC.final.2.pdf
Website: http://www.nduso.org
Type: LMS Article – Higher Ed.
Keywords: Learning Management
Systems LMS
Search engine: http://www.dogpile.com
Comments: I found this article very interesting in looking at ways to save on costs ways to synergize implementations statewide. I also found their approach to be more like a business and focused on savings. I would suspect to help keep the cost of tuition lower. They created challenges and were able to meet five with others to address over time. I can see why they have challenges – supporting four (4) different
LMS systems across eleven (11) colleges and universities.
Abstract:
” The e-Learning programs of the North Dakota
University System campuses have experienced significant growth since April 2001. From two (2) online programs in 2001 to the present 53 online undergraduate and graduate degrees, the e-
Learning programs of the North Dakota University
System are experiencing over 7,000 enrollments per term. Enrollment Data for Spring 2004
With increased diligence, the University System along with other levels of state government are being asked to find ways in which to consolidate and/or collaborate for more efficient use of limited resources. With the implementation of a state-wide
(government and higher education) computing system, higher education is positioning itself to respond and to seek new ways to collaborate.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
34 of 39
Matthew Carbone
Project: Internet Searches
4.6 (LMS)
Type: LMS Article
Keywords: Learning Management
Systems LMS
Search engine: http://www.dogpile.com
Comments:
I found this article’s approach to be very abstract and extremely interesting. I also found this article to be interesting in light of how
I have seen comparisons of
LMS’s - that use weighted averages - a more statically based approach. In this article, they compared fourteen
(14) LMS systems. I think their approach would be good as a first pass
– especially if you need to compare many LMS’s as in this article. The statistical approach can then focus on a higher level of details and granularity in order to make a final recommendation. Using both approaches also depends on how much time you have to do your project.
Avgeriou, P., Papasalouros, A., Retalis, S., &
Skordalakis, M. (2003).
Article URL: http://ifets.ieee.org/periodical/6-2/2.html
Website: http://ifets.ieee.org
Abstract:
”Learning Management Systems are sophisticated web-based applications that are being engineered today in increasing numbers by numerous institutions and companies that want to get involved in e-learning either for providing services to third parties, or for educating and training their own people. Even though the construction of such systems has been taking place for many years, they are still designed and developed from scratch. The reason is that experience from previous Learning
Management Systems, is not codified or documented, resulting in forcing the development teams to ‘re-invent the wheel’. This paper presents an approach of recording design experience in the form of design patterns for Learning Management
Systems and aims at developing a pattern language for these systems.
..”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
35 of 39
Matthew Carbone
Project: Internet Searches
4.7 (LMS)
Type: LMS - Open Source Article
Keywords: Learning Management
Systems LMS
Search engine: http://www.dogpile.com
Comments: I think the focus on e-learning needs to be student centered in offering a great learning experience within an organization. I think Open Source is a great and will keep the
LMS competition on their feet. There is now a trend that Open Source will be “branded” by the traditional proprietary software companies, for example, Red Hat® Enterprise Linux®.
Corporations that want to use Open Source can pay for service and support for operational reasons. What happened to student discounts?
Open source word processors are currently not in the workforce. What will the student use when the get a real job is a very important issue as well?
June 29 th 2005
Author: Francis Raven, EDC Center for Media &
Community
Article URL: http://educationaltechnology.ca/couros/321#
Website: http://educationaltechnology.ca
Abstract:
”Free and Open Source Software is important because it can help NPO’s and CBO’s stop spending valuable resources, which could and should be directed elsewhere, on software.
Proprietary software, software produced and marketed with restrictions on its use, is never really owned by the organizations that use it. For example, an NPO generally cannot legally give its workers copies of proprietary software to use at home. Schools cannot send their students home with the software they use at school, and students aren’t allowed to copy proprietary software to share with friends. Free and Open Source software renders these kinds of concerns a complete nonis sue. It’s really a very simple and elegant solution to an artificially created problem.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
36 of 39
Matthew Carbone
Project: Internet Searches
4.8 (LMS)
Type: LMS - Open Source Article
Keywords: Learning Management
Systems LMS
Search engine: http://www.dogpile.com
Comments: I found the author crying for creative space. Thinking in terms of student centered learning and their learning experience I liked this article. In some cases, organizations think “standards” and “policy”. SCORM, XML, &
RSS to the re scue… as long as you can stay with some standard then you might find a political breakthrough or loophole to use new technology. One argument I have in response to the article’s “Principles foreign to most LMS
(or functions LMS' need to acquire to respond to reality) ” - is who will support a system with all these open standards and what will it cost to keep it running in reality? Using on new tools that complement an LMS is fine as long as you go through evaluations and pilots to ensure success.
November 22, 2004
George Siemens
Article URL: http://www.elearnspace.org/Articles/lms.htm
Website: http://www.elearnspace.org
Abstract:
”Learning Management Systems (LMS) are often viewed as being the starting point (or critical component) of any e-learning or blended learning program. This perspective is valid from a management and control standpoint, but antithetical to the way in which most people learn today.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
37 of 39
Matthew Carbone
Project: Internet Searches
4.9 (LMS)
Type: LMS – Integration Tools
Keywords: Learning Management
Systems LMS
Search engine: http://www.macromedia.com
Comments: : I have been a big fan of animation a few years back I purchased the Future Splash
Animator the predecessor to Macromedia’s product Flash. Today’s Flash has grown into a scaleable enterprise solution as well as being fun to use for web applications as well as e-
Learning. It supports open standards, for example XML and SCORM allowing it to be a flexible tool. Flash is for mainly for developers but other tools, for example, Macromedia
Captivate allows non-technical people to create e-Learning modules in Flash format for a scalable solution. Macromedia has just announced the Flash Platform that includes Flex a powerful backend solution.
Vendor site
E-Learning URL: http://www.macromedia.com/resources/elearning/
Website: http://www.macromedia.com
Abstract:
”Breeze 5 and Macromedia’s content authoring tools allow you to rapidly create, manage, deploy and track highly engaging high-impact online training everyone can access instantly. All content you’ve created in any Macromedia authoring tool can be managed, deployed and tracked in the
Breeze system, as well as AICC-compliant content created in other tools.”
Financial Management in Online Course Design and Implementation
Summer 2005@NYU
38 of 39
Matthew Carbone
Project: Internet Searches
4.10 (LMS)
Type: LMS – Integration Tools
Keywords: Learning Management
Systems LMS
Search engine: http://www.oldaily.com/ via email subscription
Comments: I discovered this product via an article from “Stephen’s Web” -- OLDaily’s. It had a link to a discussion that used Articulate
Presenter that I found to be a very exciting tool.
Articulate Presenter is similar to Macromedia’s
Breeze and has a fresh look and feel named
“Halo” and an intuitive interface. For a single designer Articulate is cost effective and integrates with PowerPoint making it very easy for Instructors to produce Flash compatible flash files and post to LMS sites via File Transfer
Protocol
– FTP for student learning courseware.
Articulate also has a product QuizMaker that makes it easy to produce Quizzes and surveys that work with LMS systems via SCORM or their own Knowledge Portal.
Makers of various LMS Integration Tools
Product Demo URL: http://www.articulate.com/demos.html
Website: http://www.articulate.com
” Articulate is the global leader in rapid e-learning.
Thousands of corporate, government and academic customers in more than 50 countries use our powerful, intuitive technologies to train and communicate rapidly, widely and effectively.”
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