This research-in-progress study aims to propose – and later test – a theoretical model to review the impact of e-learning environments on student learning outcomes and graduate attributes. While the use of web-based technologies has increased rapidly in higher education, the different factors impacting on actual learning outcomes remain poorly understood in such e-learning environments. This paper presents the development of a theoretical model for e-learning effectiveness. The authors look through Webster and Hackley’s (1997) four dimensional lens, the Interaction-Based Model of e- learning (Anderson, 2003), the Task-Technology-Fit (TTF) Model (Goodhue and Thompson, 1995), and the Integrated Model for Perceived e-Learner Satisfaction (Sun et al., 2008) in order to refine their concise theoretical model. This research concludes with both an outline of the empirical section of this research as well as a broader research agenda.