Financial services project Open Polytechnic
- 1. Responding to the upskilling needs of the New Zealand Financial Services sector May 2011
- 2. Open Polytechnic financial advisor training combines the best of distance learning and technological innovation to deliver high quality education outcomes.
- 3. Background • Changed regulation • Large scale national training need • Short timeframe • Need to maintain productivity • Cost-effectiveness important
- 4. The project • Blended distance flexible solution • 16 courses, 500 hours of learning • Print and interactive online resources • Online self-evaluation tool • Assessment only option • Contextualisation for large organisations
- 5. Rapid stepped development • Industry prioritisation of courses • Matching development plan • Rolling development and delivery • Accommodate changing regulatory environment • Faster timeframes than previously
- 6. Pedagogically robust high quality blend • Online resources • Multimedia case studies • Online quizzes • Podcasts • Forums • Print resources • Rigorous moderation • Educational and industry experts • Clarifies that staff cannot set up a website or social site that appears to be run by the Open
- 7. Real time automated assessments • Customised open source (Moodle) • Learners – instant feedback • Minimise costs • Link to student management system • Random categorised question banks • ‘Remember’ individuals’ questions • Helpdesk support
- 8. Online self-evaluation tool • Partnership • polytechnic • industry training organisation • software company • Assessment only option • National survey of competencies
- 9. Cost effectiveness • eLearning solution • Automated assessment • Distance economies of scale • Large numbers • Mass enrolments
- 10. Flexibility • Individual fit around work and family • Employer maintain productivity • Choice of number of courses • Choice of pace of study
- 11. Cross functional team • Senior managers • Project management • Learning design specialists • Academic and industry experts • Open source developers • Business development and marketing staff • Enrolments and support staff
- 12. Industry connection • Commercial model • Industry relationships • Contextualisation for large corporates • Disaggregation to meet specific needs
- 13. Sustainability • Long term view • Licensing to other tertiary providers • Contextualisation • Competitive full fee option • Relationship marketing • Quality solution
- 14. Conclusion Higher standard of financial advice to the New Zealand public