The ROI of a New Learning Management System (LMS): How to Construct a Successful Business Case
In today’s fast-changing world, the learning management system (LMS) has become mission critical to organizations that are trying to keep employees up-to-date on everything from the latest technologies and regulatory requirements, to industry certifications, best practices plus job-specific and leadership skills.
No wonder the 2010 Brandon Hall research report on Learning Management Systems shows over 65% of organizations now have an LMS in place, with many of them utilizing more than one LMS.
Even if you have an LMS in place, the challenge is that it might not be the right LMS.
A new-generation LMS not only automates the learning process, it offers powerful reporting features and the flexibility to manage all types of third-party and custom content as well as peer-to-peer and on-the-job training.
It can also turn learning activities into profitability drivers by integrating seamlessly with performance management, career development, compensation planning and succession planning initiatives.
In addition, an LMS like the one offered by SuccessFactors can offer a SaaS (software as a service) solution that reduces overall costs and the need for in-house IT resources.
Still, given today’s economic climate, winning approval for an LMS can present a challenge. The key is to construct a business case that presents the LMS not as an IT expenditure but as a proven tool for achieving measurable ROI and attaining strategic business objectives.
Download this whitepaper on how to construct that successful business case for a LMS expenditure.