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A Check List:
When estimating the cost for a particular training, the
following factors should taken into account. This is by no
means a complete list and may vary depending on the training
being estimated.
Start Up Costs
- Development costs
- A consultant to prepare the lesson plan
- Management time to coordinate the effort
- Marketing costs to get the students interested
- Educational Equipment
- Overhead projector
- TV
- VCR
- Black board
- Tables and chairs
- Videos
- Text books
- Construction Equipment, Tools and Materials
- This will vary with each subject taught
- New tools should be purchased for class demonstration
and use
- Materials for display
Ongoing Costs
- Overhead cost to organize and coordinate the training
effort.
- Construction Materials
- This will vary with each subject taught and will
require a detailed estimate
- Instructor fees
- Subject experts within your company
- Outside instructors
- Ancillary costs
- Lunch
- Sodas
- Class set up time
- Paper, pencils, tools, and other consumable
The following section of this paper offers a sample
estimate as an example.
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Overview
Cost Factors
Estimate Check List
Sample Estimate
Comprehensive Training
Program
Summary
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