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Cost Comparison Case Study

Cost Comparison Case Study of a TraCorp Healthcare Customer:

 This TraCorp customer had a requirement to train 500 students. It would require 25 weeks to cycle the students through a traditional classroom or 1 week to train all of the students using custom online training. After calculating a total cost savings of $1,294,000, the company decided to choose an online learning delivery strategy to save money and train the employees sooner.

Table 1 lists all of the basic information used to compute training costs. Table 2 sums the components to derive total cost information comparing classroom with custom online training.

Downloadable Resources to Help You Compare Costs:
Cost Comparison Worksheet (Acrobat)
This worksheet provides you with a printable blank table to input, by hand, your estimated costs.

Cost Comparison Worksheet (Excel)
This Excel worksheet allows you to input your costs electronically. The table then automatically calculates a cost comparison between classroom training and custom online training.

Printer-friendly version (PDF)

Table 1 - Basic Information Needed to Calculate Costs
Training Cost Components Classroom
Training		 Custom Online
Training
Student Costs:
A. Total number of students 500 500
B. Training duration in hours 40 10
C. Average student hourly wage $10 $10
D. Average lost productivity cost per student/per hour (how much money the company makes per hour when the student is on the job) $50 $50
E. Training supplies and materials per student $50 $0
Instructor Costs:
F. Instructor preparation time in hours 8 0
G. Instructor hourly salary $25 $0
H. Number of scheduled training sessions 25 N/A
Travel Costs:
I. Total number of people traveling 500 0
J. Training duration in days 5 N/A
K. Airfare cost per traveler $320 $0
L. Hotel costs per traveler/per day $100 $0
M. Rental car costs per traveler/per day $50 $0
N. Meal cost per traveler/per day $35 $0
Training Development Costs:
O. Labor hours required to develop one hour of training 32 400
P. Instructor/Developer hourly wage/cost $50 $90
Facility Costs:
Q. Facility cost per training event $500 $0
Time Required to Train Audience:
R. Total time required to complete training (in weeks): 25 1


Table 2 – Total Comparative Training Costs
Measurable Elements to Consider Classroom
Training		 Custom Online
Training
Student cost (A x B x C): $200,000 $50,000
Lost productivity cost (A x B x D): $1,000,000 $250,000
Training supplies and material cost (A x E): $25,000 $0
Instructor cost ((B + F) x G x H): $30,000 $0
Travel cost (I x K) + ((I x J) x (L + M + N)): $622,500 $0
Training development cost (B x O x P): $64,000 $360,000
Total facility cost (H x Q): $12,500 $0
Total Training Costs: $1,954,000 $660,000
























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Last Updated on 5-21-05
Tracorp Specializes in: Tracorp services Online Training & elearning to the following and more: Tracorp services Online training & elearning Internationally: Tracorp services Online training & elearning on a National level:
Online training | elearning | Interactive Learning | Interactive Training | Software simulation | Learning Management systems

Tracorp Scottsdale and Phoenix Online Training Specializes in the following services:

  • Online Training
  • elearning
  • Interactive Learning
  • Interactive Training
  • Software Simulation
  • Learning Management Systems
  • LMS Training
  • Corporate Computer Tutoring
  • Medical & Pharmaceutical Companies
  • Military & Government Agencies
  • Capital Equipment Manufacturers
  • Aerospace Corporations
  • Retailers
  • Call Centers






















TraCorp Online Training and Elearning Servicing the following States and Cities:


Online Training/eLearning, Servicing Texas and following cities
  • Online Training, San Antonio, Texas
  • Online Training, Houston, Texas
  • Online Training, Dallas/Fort Worth, Texas
  • Online Training, Bryan/College Station, Texas
  • Online Training, Austin, Texas
  • Online Training, El Paso, Texas
  • Online Training, Corpus Christi, Texas
  • Online Training, Amarillo, Texas
Online Training/eLearning, Servicing California and following cities
  • Online Training, San Francisco Bay Area, California
  • Online Training, Los Angeles, California
  • Online Training, San Diego, California
  • Online Training, Sacramento, California
  • Online Training, Monterey Bay Area, California
  • Online Training, Santa Barbara, California
Online Training/eLearning, Servicing New York and following cities
  • Online Training, New York, New York
  • Online Training, Albany, New York
  • Online Training, Buffalo, New York
  • Online Training, Rochester, New York
  • Online Training, Syracuse, New York
  • Online Training, Utica, New York
Online Training/eLearning, Servicing Arizona and following cities
  • Online Training, Sottsdale, Arizona
  • Online Training, Phoenix, Huntsville, Arizona
  • Online Training, Mesa, Arizona
  • Online Training, Fountain Hills, Arizona
  • Online Training, Cave Creek, Arizona
  • Online Training, Tempe, Arizona
Online Training/eLearning, Servicing Ohio and following cities
  • Online Training, Cleveland, Ohio
  • Online Training, Cinncinatie, Ohio
  • Online Training, Columbus, Ohio
  • Online Training, Akron, Ohio
  • Online Training, Toledo, Ohio
  • Online Training, Dayton, Ohio
Online Training/eLearning, Servicing Virginia and following cities
  • Online Training, Hampton Roads, Virginia
  • Online Training, Richmond, Virginia
  • Online Training, Roanoke/Lynchburg, Virginia
  • Online Training, Charlottesville, Virginia
  • Online Training, Harrisonburg , Virginia
Online Training/eLearning, Servicing New Jersey and following cities
  • Online Training, New York, New York
  • Online Training, Philadelphia, New York
  • Online Training, Avalon, New York
If your state and city is not listed, don't worry because we make a point to service everyone
You choose the training subject and We make it happen online, guaranteed! How do we do it? By using a proven process that consistently yields custom online training that gets the job done right the first time. Each eLearning course is created to engage students in such a way as to change their behavior and store the training experience in long-term memory. We do this through fun interactive learning exercises, simulations and role-playing scenarios that help you practice and learn. Changing behaviors and affecting long-term memory cannot be done with passive slides and lectures. It takes effort from experienced professionals to create training that results in performance improvement. Imagine - online training that is fun and improves performance. Custom online training and e-Learning courses from TraCorp, as well as our AICC compliant Learning Management System (LMS) (SCORM compliancy soon), have been used by nationwide & worldwide organizations, corporate universities online training, medical & pharmaceutical companies online training, military & government agencies online training, capital equipment manufacturers online training, aerospace corporation online training, retailer online training, call center online training, and more. TraCorp online learning and elearning is located in Phoenix servicing Arizona Valleywide. Tracorp's supports the following Arizona cities: Phoenix, Tempe, Scottsdale, Paradise Valley, Fountain Hills, Cave Creek, Chandler, Glendale, Peoria, Gilbert, Mesa, Carefree, Sun City. TraCorp online learning and elearning has customers that are located both national & International. TraCorp's online learning and elearning National clients reside in all 50 states, such as Texas, California, Pennsylvania, New York, Ohio, Virginia and New Jersey. TraCorp also services international clients and we have current standing with our clients in United Kingdom, Britain, Ireland, Scotland, France, Germany, Netherlands, Holland, Denmark, Italy, Spain, India,Japan, China, Russia, Sweden






































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