When looking to integrate a learning management system, many companies consider only initial costs. But the truth is that every LMS takes time and money, and calculating the actual learning management system cost can be a complex task. Sometimes the integration of a ready-made solution appears even more expensive than custom development.
Break the Real Learning Management System Cost
For many companies, the decision to change the learning management system is easy. In fact, the Brandon Hall Group survey shows that 44% of organizations are dissatisfied with the existing LMS and 48% are exploring new learning technologies. The decision to integrate the software is easy: when trying to decide which LMS to buy, the difficult part appears. The key to this decision is the cost of learning management systems-the same Brandon Hall Group study found that systems accounted for 38 percent of the average learning technology budget.
When deciding to change or integrate the software, many companies consider only the initial and monetary costs of potential products. The reality is that the initial and hidden costs are too much when converting the system - and these costs can include time and money.