Ultimate eLearning terms you should know: Part 2 (M-Z)
JULY 14, 2016
RFP (request for proposal ): Document prepared by organizations to help assess LMS vendors during a selection process. ROI (return on investment): A ratio of the profit accrued by an investment versus the cost of the investment. SaaS (software as a service): Software hosted in the cloud by an LMS vendor so that customers don’t need to install the system locally. Popular eLearning content standards include AICC, SCORM and xAPI.