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Imagine this...
In a simple example, suppose you have the following
(hypothetical) facts:
| Course Designer/Developer Cost
= $100/hr. |
| Course Development Time = 100
development hrs./1 course hr. |
| Total Development
Cost = $100/hr x 100 hr. = $10,000/1 course hr. |
If a previously created learning object took 10
hours to create and subsequently could be reused to save time
in the rough course development above, we can estimate the following:
| $100/hr. x 10 hr. = $1000
saved in course development |
| or |
| Total Development Cost = $100/hr.
x 90 hr. = $9000/1 course hr. |
Ultimately the cost of the learning object's development
would be spread out over all the courses in which it was used, but
the idea is still the same. If a learning object is designed to
be reusable, the value of that object increases through the time
saved in course development.
Given these dynamics, more time could be spent in
developing potentially higher quality learning content, with the
notion that through its reuse, it will increase in value.
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