How to assess the cost of a digital training platform?

How to assess the cost of a digital training platform?
Summary

What is the cost of a digital training platform? Setting up a digital training platform does indeed have a cost! Here is a list of all the parameters to take into account before embarking on the acquisition of a digital training platform.

Before setting up a digital training platform in elearning, it is necessary to assess all costs that are not limited to licensing fees.

The costs of acquiring the digital training platform

Depending on the digital training platform you choose, the costs will vary. Several scenarios are possible:

  • You are buying software: In this case, you will only pay once for the purchase of the product (however, there may be a limited update period and you will then have to pay again to take advantage of future updates). However, you will have to install it yourself on all the workstations concerned. You can also use the services of the publisher who will install the software on an internal server, which will of course include installation costs.

  • You opt for a SaaS solution (hosted in the cloud): this formula is much more flexible, less expensive and completely secure. On the other hand, you will have to pay a few thousand euros per year to use the LMS. The license price generally depends on the number of learners.

  • You develop the software yourself: this solution is the most expensive, but will allow you to have a tailor-made tool. However, development and hosting costs must be taken into account.

The production of content for the digital platform

Once the LMS platform is chosen, it is important to feed it through educational content. This content generally represents the majority of the budget, especially as it must take into account the time spent by employees (project monitoring, content integration, educational engineering).

Today, there are many tools to create content, whether it is videos, interactive content such as quizzes or learning games, educational slides with voice-over... These tools can also come at a cost and sometimes require a certain level of mastery. It is therefore important not to underestimate the time spent.

The costs of deploying the digital training platform

By opting for a SaaS platform, the costs of deploying digital training are almost non-existent. On the other hand, it is necessary to provide a cost for a few hours of support, especially if it is necessary to synchronize the LMS with other tools such as HR management software. In this case, the IT department must contact the digital training publisher, which represents a cost in terms of time and budget.

The LMS assistant may also be called upon to: personalize the offer or the platform according to the budget and goals of the company.

Start-up costs

When a new digital training tool is released, it is important to communicate on it. Internal and external communication must be included in the cost of the project to encourage employees or customers to use the platform: internal posting, emailing, etc.

The release of a digital training platform represents a cost that must then be compared with the savings or benefits achieved through the digitization of training courses to calculate the ROI over time.

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