The ROI of Learning Management System: Three Ways to Measure - PowerPoint PPT Presentation

About This Presentation
Title:

The ROI of Learning Management System: Three Ways to Measure

Description:

Best Learning Management System are now an important part of the eLearning curriculum design process, especially if the organization has a high number of learners and few or no instructors, therefore it is important to use some of those systems to promote business activities and optimize the learning experience. – PowerPoint PPT presentation

Number of Views:108

less

Transcript and Presenter's Notes

Title: The ROI of Learning Management System: Three Ways to Measure


1
www.360quadrants.com
  • The ROI of Learning Management System Three Ways
    to Measure

2
A Learning Management System, also called an LMS
in simple terms, is a software program that
includes the platform that manages all facets of
the learning experience it is where people
store, distribute, and monitor training courses.
While most commonly referred to as an LMS, other
terms that could be used include teaching
management solution, learning management activity
system, or even learning experience platform
(LXP).Often a platform for Learning Content
ManagementSystem (LCMS) is confused with an LMS.
An LCMS is an application for authoring and
managing learning material. The two concepts are
complementary but are not the same. An LMS is
intended to make it easier for those responsible
for learning and support e.g., identifying
potential individual and organizational learning
objectives, monitoring progress towards achieving
the objectives, and gathering and displaying
information to oversee the learning
experience.Best Learning Management System are
now an important part of the eLearning curriculum
design process, especially if the organization
has a high number of learners and few or no
instructors, therefore it is important to use
some of those systems to promote business
activities and optimize the learning experience.
A Learning Management System (LMS) is an
investment in personnel. The long-term and
short-term consequences of educating workers
through an LMS approach results in a number of
advantages that produce Return on Investment
(ROI).
3
  • How can ROI be measured?
  • An LMS system affects an organization in multiple
    ways. Many of the effects depend on the
    priorities of the company. An institution and a
    company for example, would have two vastly
    distinct educational methods. The university may
    give in-person classes on a daily basis, whilst
    the company will undertake a one-year training
    project. Both think that their learners will
    profit the most from eLearning online classes.
    This results in very specific cost savings as we
    turn from one instructional approach to the next.
    Having said that, there are three major forms of
    ROI that all organizations can encounter to
    different extents from an LMS.
  • The Three Forms of ROI to Consider
  • 1. Cutting Costs
  • A latest LMS will at first cut several costs
  • Cloud-based solutions decrease the need for IT
    infrastructure  Most digital learning solutions
    are cloud-based, so the supplier protects the
    information from each customer. Some customers
    may upgrade from an earlier LMS solution, hosting
    on-premise and requiring maintenance by employees
    and firmware. Updating to a cloud system will
    lower costs.
  • Lower tuition costs  LMS is a way to receive the
    same certificate in a digital context for
    companies as they find an option to college
    classes through it. Having it open to the
    learners reduces the need for them to look for a
    class. In addition, delivering classes with LMS
    in-house will significantly reduce costs when
    giving access to a large number of students if
    you are a business that provides financial aid.

4
  • Compliance monitoring to minimize risk and save
    audit background  When organizations use an LMS
    to train people, one significant advantage is
    that trainees can start taking compliance-based
    professional classes. This comprises health
    service providers, safety, human capital, and
    several other areas. The solution gets to the top
    of continuing certifications so that they are
    urged to participate until an employee qualifies.
  • Learning costs such as supplies, coaches, and
    packaging  All resources are digital and stored
    for a new batch of learners for companies looking
    for online and in-house instruction. Video also
    requires live teachers to be integrated into the
    approach, but it is not always necessary because
    learners can view the content themselves
    directly. It is easy to preserve previously
    filmed lectures, so that a teacher can be paid
    for a one-time recording that can be repeated for
    years.
  • Travel costs such as lodging, insurance,
    competitiveness and transport  As companies use
    an LMS, they will reduce resources for
    off-premise preparation. Thus, lodging,
    conventions, and airline tickets are no longer
    needed, and workers no longer waste time
    travelling. Lodging costs are often reduced, such
    as meals, which include menus and other
    logistical requirements.
  • 2. Saving Time
  • An Learning Management System is a valuable
    method to make an employees time a priority,
    allowing them to be more effective when they
    improve in a few ways
  • Time saved by using eLearning  Learners can use
    the method at their own pace, either at the
    workplace or at home at night, at downtimes.
    Students use a desktop, or even a smart phone,
    instead of driving back and forth from the
    location of a lecture. A few classes might be
    simultaneous, meaning there is a real-time
    teacher. For lessons involving this teaching
    process, learners may easily log in to the
    framework before the course begins.
  • Quicker collaboration  Certain classes can
    involve cooperation between students over tasks.
    Meeting and connecting electronically is
    supported through an LMS. LMS strategies also
    provide discussion forums to exchange content
    with learners.

5
  • 3. Improving Productivity
  • Improved efficiency provides the most important
    effects in terms of long-term influence. This is
    how
  • Lowered attrition  Staff who has access to
    career growth program are much more likely to
    continue. Especially if they are not consistently
    involved in the workplace, getting access to
    these resources also has a major effect on their
    probability to commit to the workplace for
    another five years.
  • Better long-term dedication and competitiveness 
    High-quality performers include organizations
    that think of high-quality training. There are
    several drawbacks of a high-performance
    environment dedicated to higher education.
    A-players are more likely to stand apart and this
    has a beneficial impact on the daily life for
    all.
  • In-house qualifications for specific positions 
    Within the LMS approach, a company will also
    establish its own roles that do not need industry
    credentials. Specialized positions, for example
    in Excel or leadership training, may benefit from
    internal certifications. These courses create a
    succession strategy in a straightforward manner
    that prepares employees for the next phase of
    their careers.

6
  • About 360Quadrants
  • 360Quadrants is the largest marketplace looking
    to disrupt US 3.7 trillion of technology spend
    and
  • is the only rating platform for vendors in the
    technology space. The platform provides users
    access
  • to unbiased information that helps them make
    qualified business decisions. 360Quadrants
    enables
  • vendors to influence the business decisions of
    potential clients. Vendors get to win ideal new
  • customers, customize their quadrants, decide key
    parameters, and position themselves strategically
  • in a niche space, to be consumed by giants and
    start-ups alike. Experts get to grow their brand
    and
  • increase their thought leadership. The platform
    targets the building of a social network that
    links
  • industry experts with companies worldwide. The
    platform has around 400 total buyers across
  • various markets.
  • 360Quadrants will also be launching quadrants in
    fields like Study Tools, 3D Rendering Software,
  • Artificial Intelligence Software and Retail
    Management System.

7
  •  
  • Contact
  • Mr. Agney Sugla
  • agney_at_marketsandmarkets.com
  • 630 Dundee Road, Suite 430
  • Northbrook, IL 60062
Write a Comment
User Comments (0)
About PowerShow.com