Remove AICC Remove Ratio Remove RFP Remove Simulations
article thumbnail

Ultimate eLearning terms you should know: Part 2 (M-Z)

LearnUpon

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. Simulation: Highly interactive application that allows learners to model or role-play a scenario.

article thumbnail

The Ultimate Glossary of eLearning Terms

LearnUpon

The first official eLearning content standard, AICC was developed by the Aviation Industry CBT Committee in 1993 as a CD-ROM based standard. A predecessor to SCORM, AICC was difficult to work with and many steps were required to get content in the format running in a learning management system (LMS). RFP (Request for Proposal).