On Tuesday, August 10th Karen Williams wrote:
The cost factors to implement a Learning Management System (LMS) or Course Management System (CMS) is quite expensive. Several elements and factors have to be consider before implementing such an effective tool. A deciding factor of implementing a LMS or CMS depends on the cost factor of incorporating an existing and established system like Blackboard or customizing an in-house development system. To build an in-house system having moderate functionality can be very expensive ranging from $200,000 to $500,000.
Along with building the LMS/CMS, hiring full-time staff must also enter the equation. For the tool to be effective, personnel is needed to manage, support and oversee the system. The effectiveness of a tool is not that it exist but that it causes your organization to work in a more proficient and efficient environment. Therefore, allotting funds to manage the system is essential to its success.
One would think to create a virtual learning system like LMS or CMS is simply transferring or reorganizing data into a template. On the contrary, analysts say that Learning Management Systems are investments ranging from $500,000 to millions of dollars. Many organizations would love to have an innovative LMS or CMS tool, however, finding the funds to implement and support this system may be a great obstacle for many.
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