Video-Based eLearning Authoring Tools

I've been asked several times a similar question so I thought I would throw it out to see what readers here will recommend for doing basic video-based elearning authoring.

The situation is that they have five, two-hour training videos (10 hours total). It's currently used as a watch and then answer these questions experience. The topic almost doesn't matter, but assume it's Safety Training. They would like to convert this to self-paced eLearning.

The currently planned design is to chop the video up into relatively short segments, put in questions in between the segments as knowledge checks, and then have a graded exam at the end. Thus roughly:

Video Segment -> Questions -> Video Segment -> Questions -> Exam

They do not have an LMS, but they need some kind of reporting. Currently, they use Camtasia and have it email results at the end of quizzes. They are happy to continue to do that. They would also be happy with having some kind of system to collect all the results together into something similar to a spreadsheet. They do not want an LMS because of some false starts and perceived complexity.

Other factors -

• Need an inexpensive solution, but does not need to be free.
• Should be an easy to use and easy to maintain solution.
  
• May outsource some of the production work, but the tool must be an off-the-shelf, known authoring tool - no proprietary tools (see eLearning Course Development for rationale on that)
• Their only experience is with Camtasia. No real video editing experience.

What would you recommend?

Other posts related to this topic:

• Safety Training Design
• Starting Authoring Tool
• eLearning Course Development
• eLearning Course Authoring Tools Satisfaction - More
• Articulate, Captivate, and Lectora Tops in Authoring Tool Satisfaction
• Course Authoring Tools and Rapid Authoring Tools Satisfaction
• Use of Wikis as Compared to Authoring Tools
• Rapid Authoring Tools
• Shift in Authoring Tool Use from Pure Courseware towards Reference Hybrids
• What is Rapid eLearning? and Rapid Authoring Tools?
• Rapid eLearning Tools