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

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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.

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The Ultimate Glossary of eLearning Terms

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RFP (Request for Proposal). During a selection process, an RFP document is prepared by organizations to help assess each vendor. A common business term, in eLearning ROI, references a ratio of the profit accrued by an investment versus the cost of the investment. ROI (Return on Investment).