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Proposal of the Financial Plan for the Implementation of the Educational Activities Supported by the Contemporary Technologies in High-Education Institution (CROSBI ID 188743)

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Nenadić, Andrija ; Krajnović, Aleksandra ; Jašić, Dražen Proposal of the Financial Plan for the Implementation of the Educational Activities Supported by the Contemporary Technologies in High-Education Institution // USA-China business review, 11 (2012), 12; 1578-1586

Podaci o odgovornosti

Nenadić, Andrija ; Krajnović, Aleksandra ; Jašić, Dražen

engleski

Proposal of the Financial Plan for the Implementation of the Educational Activities Supported by the Contemporary Technologies in High-Education Institution

The paper deals with the introduction of the e- learning system into higher education institutions. Numerous advantages of the e- learning system have been evidenced and this paper’s goal is to discuss the economic justification of the implementation of such a system, in particular due to the fact that financing is one of the most common obstacles to implementing e-learning systems in higher education. The paper presents a potential model for financing the system and the cost analysis in line with the system’s implementation dynamics. Furthermore, the authors point out to potential risks that may occur when introducing an e-learning system and a risk management plan. The third part of the paper deals with important aspects of the monitoring and quality control of the e-learning system. The authors have used the analytical method combined with their own empirical experience in educating seafarers at the Universities of Split and Zadar in the Republic of Croatia. The results produced by the research prove that, prior to introducing e-learning and similar systems supported by contemporary technologies into higher education institutions, it is necessary to make, using an analytic approach, an overall plan of financing the system and the budget featuring a detailed overview of anticipated costs and the dynamics of the system implementation. Moreover, prior to implement the system, it is necessary to make an analysis of potential risks in order to reduce them to a minimum during and after the implementation. Since the risk analysis is logically related to the issue of the system’s monitoring and quality control, the authors propose an introduction of a system of the e-learning quality evaluation and a definition of specific indicators—quality standards, aiming at a methodical follow-up of the system’s efficiency, successfulness, and quality. The authors conclude that the key factors of the e-learning system introduction include financial planning and analysis, well-defined educational goals, follow-up of the realisation of the set goals through monitoring and quality control systems, and effective risk management. If all the above mentioned essential factors are taken into consideration, there will be no obstacle to implement e-learning and similar systems supported by contemporary technologies into all higher education institutions, in view of the numerous advantages of these systems and their benefits to the modern globalised society that aspires to become the knowledge society.

financial planning in education systems ; high education systems ; e-learning ; risk analysis in educational institutions Andrija

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Podaci o izdanju

11 (12)

2012.

1578-1586

objavljeno

1537-1514

Povezanost rada

Ekonomija, Informacijske i komunikacijske znanosti