Business Case for Implementing a Learning Management System
Organizations don’t have the time NOT to implement a learning management system (LMS). Everyone is busier than ever and eLearning technology is designed to make your life more efficient, effective and to reduce training costs. Implementing an LMS will reduce non-compliance risk, automate administrative processes, streamline training, plan, assign, blend and report learning activities.
“How do I build a business case for an LMS???” You already know that implementing an LMS will significantly reduce the time and effort your company has invested in training. You present your case to your boss and he says “great job, keep up the good work.” Thinking your project is a slam dunk, you wonder why you didn’t get the funding for your LMS project.
The reality is, there are many great ideas floating around organizations at any given time and some are brighter than others and all projects don’t get funded. Here’s the bottom line. If you want to get your LMS project funded, you must prove the value of your initiative to the company. Also, you must convince decision makers that spending resources on your initiative will provide greater value than other programs.
Following are some helpful steps:
• Leveraging strategic objectives and initiatives
• Leveraging lessons learned and best practices from recently funded projects
• Choosing a critical business need
• Documenting costs and opportunities
• Documenting the benefits your solution will provide to the organization
• Creating a budget
• Selling your initiative up the ladder
• Defining implementation and operation
• Developing a strategy to win support from key players
Get a free download with more tips on getting your LMS budget approved, just select the “Free LMS Business Case” button on the left.