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“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.

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Presentation on theme: "“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."— Presentation transcript:

1 “Feasibility Study” Is E-learning for You ?

2 E-learning Concepts and its significance 1 1 Scope of Implementation 2 2 Feasibility Tests 3 3 Implementation Plans 4 4 Success Stories 5 5

3 Absorb Understand Listen Read See  Time Constraints  Trainer quality  No understanding in bad Environment  Lack of Self Motivation  Being Absent is Losing  No repetitions  Tedious  Shyness to ask queries Limitations

4 Absorb Understand Listen Read See Did not Understand! 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 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

5

6 Governments Manufacturing Organizations Universities Service Sectors Scope E-learning is vital everywhere! Regulatory Bodies

7 Current Market Study Environmental Feasibility Financial Feasibility Technological Feasibility

8 Current Market StudyEnvironmental FeasibilityFinancial FeasibilityTechnological Feasibility 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. 3 $378.4 million industry in Middle East in The average growth rate till 2011 had been 8.2%. It is projected to reach $560 million by Private, public, education and every sector is demanding E-learning system. 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. 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 % cost of the corporations from the instructor based trainings

9 Current Market StudyEnvironmental FeasibilityFinancial FeasibilityTechnological Feasibility Saves travelling thereby saving fuel carbon emission. Eliminates need of additional power for cooling or heating

10 Current Market StudyEnvironmental FeasibilityFinancial FeasibilityTechnological Feasibility Essentials  Computer Literacy  Devices to access content.  Server for LMS  Administrator to know complete system. E-learning Technology Status Increasing massively. Available with everyone. Needs training. Admin to be trained to manage the system.

11 Current Market StudyEnvironmental FeasibilityFinancial FeasibilityTechnological Feasibility CostRecurrencesApprox ServerAnnual$ $50000 (as per requirement) LMSOne time$5000 ModulesOne Time$100 - $1000 Module updatingOne Time$50 - $300 Access PointsNil0.00 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.

12 Current Market StudyEnvironmental FeasibilityFinancial FeasibilityTechnological Feasibility Overhead“Old School” TrainingE-learning Trainees 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$5,00,000 Delivery equipments cost$25,000$35,000 Total$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.

13 Current Market StudyEnvironmental FeasibilityFinancial FeasibilityTechnological Feasibility Major cost is System Development Cost which is just a one time expense in E-learning.

14 LMS fully loaded with Online Courses LMS Coding from Developer Refined Content from Trainer Employees access LMS Good content Suggestions and reviews

15 E-learning Model for Education Sector

16 Analysis Planning Design Development Delivery Evaluation E-learning Model for Manufacturing Organizations

17 Win Win Factor

18 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.  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. Efficiency Increased

19 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 Achievements and Success Achiever

20 Significant LMS growth Initial cost 500+ locations employees Exceptional cost saving and Extremely quick training system implemented Exceptional cost saving and Extremely quick training system implemented Installed LMS & live online training system Similar knowledge to the employees was important Similar knowledge to the employees was important Used to conduct employees Training in classrooms through satellite. Used to conduct employees Training in classrooms through satellite. Overachieved

21 Huge network of dealers, consumers, technicians etc. Needed to train employees and dealers for products Cost of training frequently was high and rising Inspired to develop e-learning system. Developed a system to train the employees

22 Mani challenge was to provide learning solutions for more than employees and 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

23 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.

24 Thank You E-learning is Definitely for You!


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