If you represent a training department or registered training organisation (RTO) in Australia and are trying to budget for an eLearning development cost for your project, this article is for you.
In this article, we explore the various costs associated with developing various kinds of eLearning courses and tell you everything you need to know to budget for your next eLearning development project.
As a guide for our clients, we usually break things into categories of Bronze, Silver and Gold packages. The following table shows inclusions and features which may be included in each package.
The following estimate is based on 5,000 words, or a 45-minute eLearning package.
Generally speaking, Bronze eLearning packages give learners a basic level of knowledge and are best used to build vocabulary, or used to confirm existing knowledge.
Most people who say they dislike eLearning have spent too much time working through Bronze eLearning modules. A Bronze eLearning package usually ranges from $5,000-$10,000.
Silver eLearning packages are a step up on Bronze packages and may include 1 or 2 custom animations, video elements or infographics to help explain critical information within the package.
They may still have text and image-based slides, but also include narration and closed captions as a standard. They may also introduce more interactive formative or summative assessments. Silver eLearning prices usually range between $10,000-$20,000.
Gold eLearning packages have video content, animation and infographics that are specifically designed and developed to ensure deep level knowledge of the topic. These are then combined with narrated information slides and a range of interactive formative and summative assessments to ensure learners gain a very deep level of understanding.
Branching scenarios and game-based learning may also be used to reinforce key concepts and educate learners through experiential learning. Gold elearning packages can range in cost between $20,000 – $30,000.
Platinum eLearning packages are at a whole new level and include virtual or augmented reality combined with traditional eLearning approaches. In a Platinum eLearning package a learner may navigate a 3D environment to explore simulated situations with safety.
These are fantastic for recreating high-risk situations or scenarios that are too dangerous, risky or rare to recreate. This style of learning is often used for police or military applications. Platinum eLearning packages are the highest level of eLearning and start from 30,000 per package.