The human capital becomes more important for creating value in the firms. E-Learning is a core method for change management in e-Transformation environment. Therefore this study intends to develop as a guideline for continuously checking e-Learning process in the firm.This study goes through 5steps for developing . Consequently, is consisted of 5 key activity dimensions. 13 sub-activities(factors), and 30 measurement items. First, 5 key activity dimensions of e-Learning are defined on the basis of theoretical studies about traditional firm's training program and information systems. Second, 'the conceptual framework for developing e-Learning monitoring instrument' is proposed by selecting sub-activities(factors). Third, measurement items for these factors are created on the basis of the operational definition. Fourth, validity of each measurement items were verified by surveying the 5 experts using Delphi method. Consequently, is consisted of 5 key activity dimensions, 13 sub-activities(factors), and 39 measurement items.