How to Calculate the Cost of IT Educational Systems

Abstract

IT education has become one of the fastest growing educational systems for the past few years. The learning process has attracted many people through the world to participate in such programs and the steady growth of this market has created competition among many organizations. The primary purpose of this research is to find out more about the most important components of IT based educational system. The proposed model of this paper proposes some statistical models to estimate the cost of IT education using the necessary information of three universities. The results of our survey indicates that cost of sharable content object (SCO), Instructors, software & licensing items are the most important cost components of this education system.