How To Implement an LMS, Part 5: Contract Review

Now that you’ve made it through the organizational analysis and vendor selection process, you’re still not quite ready to begin what most people think of as the implementation of the LMS. Before you start rolling it out in your company, you need to finalize the contract, and this is where many companies let important considerations slip through the cracks.

A Long-Term View

When it comes to negotiating and finalizing an LMS contract, my single most important piece of advice is to treat it like a long-term relationship. In a world where many companies are highly focused on short-term results and profits, taking a longer-term view of things requires conscious effort. Whether you think you’re in it for the long haul or not with the particular LMS vendor you’ve selected, treat the contract process as if it is a multi-year agreement, and I mean as in at least three years, preferable five years or more. That’s the kind of long term you need to have in mind to cover all your bases when finalizing an LMS contract.

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