The adoption of a Learning Management System (LMS) represents a significant investment for any organization. Understanding the return on investment (ROI) is crucial for evaluating the effectiveness and value of this educational technology. The following six steps will guide you through calculating the ROI of your LMS to ensure it’s contributing positively to your educational or training objectives. Step 1: Define Your Objectives Before you can measure ROI, understand what success looks like for your organization. Do you wish to reduce training costs, improve employee performance, or scale your training offerings? Clear objectives help in determining which metrics are relevant …
Continue reading “Calculating Learning Management System ROI: A 6-Step Guide”