10 Benefits of Using a Third-Party LMS

As of last year, there were estimates of over 800 vendors operating in the LMS market. Each presented a different take on training and education.

Many businesses are on the fence about investing the resources to develop an in-house LMS or paying for a third-party solution. The in-house option is the most flexible, allowing an organization to develop the finished product to meet their needs and standards. However, that flexibility can come at a steep cost. The total price will depend on size and complexity.

There are many steps involved in building a solid LMS platform. Approximately 40 to 100 hours of analysis are needed followed by an equal number of hours spent in designing architecture.

Next, you may need 50 to 80 hours to create two or three design options with revisions and another 50 to 100 hours in building front and backend functionality. Then around 40 hours are estimated for integrations plus another 20 hours for testing afterward.

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