Estimating Costs and Allocating Resources

Posted: February 7, 2014 in Uncategorized
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Credit Ted Goff (2002). Retrieved from http://www.davis-stirling.com/Humor/Cartoons/BudgetMeeting/tabid/125/Default.aspx#axzz2sbamXkTl

We were told this week in our Project Management course materials that there are many resources available online to assist project managers in estimating project costs and allocating resources.  I was skeptical so I was pleasantly surprised to find that this was true!  Even if we ignore the numerous blogs on this topic published by previous Walden University students, there are in fact many useful resources where information, instruction, discussion, tips, and templates may be found.  One such resource is Don Clark’s blog post, titled, Estimating Costs and Time In Instructional Design (2010, June 23), which provides detailed budgeting information specific to instructional design.  A highlight of this blog for me is the following quote by Clark in which he said, 

“If it becomes evident that the resources to implement the best training strategy are not available, then it is important that all the personnel involved in the project are brought in on the decision making process.  This includes both clients and training developers.”

What this means to me is that communication is critical in ensuring that as a team we figure out how to utilize our available resources in a manner that gives us the best result for the least amount of money. We can also hold some funds in reserve for costs that arise unexpectedly.  In one of our video resources this week, Dr. Stolovitch suggested that as the project manager, we should work lean and hand out additional money as though were giving our “last drops of blood” (Laureate Education, Inc., 2010).  But I digress.  Clark’s comprehensive blog post offers information (including links) regarding budgeting, training cost guidelines, estimating development hours, eLearning development time, development times to create one-hour of e-learning, instructor prep-time, seat time, interactive multimedia instruction, USMC multimedia guide for percentage of development, interactive courseware development costs, tools, and a case study.

Another resource I would like to highlight is this slide show by Bryan Chapman (2010), called How Long Does It Take to Create Learning?  In this slide show, Chapman presents data from a research survey of 249 organizations, representing almost 4000 learning development professionals regarding the number of hours and associated costs of development used to create 1 finished hour of learning. Chapman shows detailed results for Instructor-Led Training, eLearning (Level 1, 2, 3), Blended Learning. I find the information in this slideshow to be quite useful as it delineates between designs with minimal multimedia/interactivity, those with a moderate amount, and those that are rich in multimedia and interactive components and the data is based on real world numbers.

Here are links for some of the other sites I found (including one by our instructor!):

http://www.designingforlearning.info/services/writing/time.htm

http://blog.cathy-moore.com/2008/05/be-an-elearning-action-hero/

http://www.techrepublic.com/article/creating-your-project-budget-where-to-begin/#.

http://www.instructionaldesignconsultant.com/how-much-should-i-pay-for-instructional-design-services.html

http://www.langevin.com/blog/2011/11/17/the-mystery-of-determining-instructional-design-time/

https://christytucker.wordpress.com/2013/09/

https://sites.google.com/site/instructionaldesignandtraining/perspectives/time-to-develop-one-hour-of-training

http://thetrainingworld.com/faq/deshowlong.htm

http://ezinearticles.com/?How-Long-Does-it-Take-to-Design-and-Develop-a-Training-Activity?&id=39691

http://tracyschiffmann.com/2010/06/21/instructional-design-contracting-101/

Estimating the Cost of eLearning Projects – Mark Steiner, Inc.

http://raypastore.com/wordpress/2012/01/instructional-designers-figuring-out-how-many-hours-it-takes-to-develop-training/

 

 

References

Chapman, B. (2010). How Long Does it Take to Create Learning? [Research Study]. Chapman Alliance LLC. Retrieved from http://www.chapmanalliance.com/howlong/

Clark, D. (2010, June 23). Estimating costs and time in instructional design. [Blog post]. Retrieved from http://www.nwlink.com/~donclark/hrd/costs.html

Laureate Education Inc. (Stolovich, H.). (2010). Creating a Resource Allocation Plan. [Media].

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