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Want to Speed Up Training Development Time?
Want to Speed Up Training Development Time?
Robyn Defelice's 2023 update of the ATD research on the time required to create training. There are some numbers here, but use caution in benchmarking from these stats. They aren't really designed to be benchmarks, partly because the data isn't standardized to seat time. Robyn suggests (and I agree) that you're better off tracking your own time in your organization and using internal benchmarks that account for your variables.
The largest conclusion we can draw comfortably from the data is that development time still varies considerably for each type of learning product—and no matter what, the variables of the training development for each organization greatly differ. We do not advise that you use the results as stand-alone pieces for calculating project estimates because context is necessary to understand respondents' situations.
8/6/24#training#eLearning#timeestimate
·td.org·
Want to Speed Up Training Development Time?
Learning Development Pricing Calculator - LXD Central
Learning Development Pricing Calculator - LXD Central

I appreciate the detailed breakdowns of time estimates per task in this article. This would be a very helpful way to create a project plan, even if you've never created an ILT or elearning course before.

However, note the caveat about the hourly rate at the bottom. The calculator uses $60 or $65/hour for pricing, but that's what a vendor would pay its own employees. If you're buying from a vendor, the cost is likely much higher. (Although apparently I'm not taking nearly enough profit for myself if vendors are typically pricing at 2.5 times their cost.)

<span style="font-size: 1rem;">How much should you pay for a learning solution? Why does one vendor quote $5,000 and another $20,000? At its core, the price of a learning solution is a very simple equation –&nbsp;</span><strong style="font-size: 1rem;">Rate x Effort = Price.</strong>
For those organizations that buy learning from third-party vendors these prices may seem quite low, and they are. The $65 rate is commensurate with what one of those companies would pay an employee but does not include all of the overheads, cost of sale, and profit that company would typically account for in the price. As a rule of thumb, a custom learning company will price at about 60% gross margin, which in short-hand means you multiple direct costs by 2.5.
Imported from Diigo#timeestimate#pricing#elearning#vILT#training
·lxdcentral.com·
Learning Development Pricing Calculator - LXD Central