
This weeks reading - The cost of an LMS VS. CMS
As outlined in some of the reading and the mind map from last week it was outlined that an LMS is a Learning Management System and a CMS is a Course Management System. LMSs are used primarily in corporate organizations while CMS were developed and are used in academic environments (i.e. universities and high schools).
Based on this weeks reading these systems can cost a lot of money it all depends on the approach you take. Plus money is relative, for a small school district in rural Colorado $100,000.00 could be the entire budget for one school while in a more populated area that same amount of money could be one department budget. The same goes for business world $500,000.00 could be the entire annual operating budget for a small company while the same amount could be the monthly budget for the janitorial department of a larger company.
Bottom-line of the articles read this week is, do your homework. First make the decision if you are going to buy or build. Part of that decision process includes an full cost analysis. As part of the cost analysis be sure to look not only the cost of implementation, but also the cost of maintenance. In the article "
Measuring the Total Cost of e-Learning" Kevin Kruse outlines a five step process of completing a thorough cost analysis. The five step process includes a review of, development, implementation and maintenance costs.
References
http://www.e-learningguru.com/articles/art5_2.htm