Learning management system

A Learning Management System (or LMS) is a term used to describe software tools designed to manage user learning interventions. Learning Management Systems go far beyond conventional training records management and reporting. The value-add for Learning Management Systems is the extensive range of complementary functionality that they offer. Learner self-service (e.g. self-registration on instructor-led Training), training work flow (e.g. user notification, manager approval, wait list management), the provision of on-line learning (e.g. Computer-Based Training, Read & Understand), on-line assessment, management of Continuous Professional Education (CPE), collaborative learning (e.g. application sharing, discussion threads), and training resource management (e.g. instructors, facilities, equipment), are some of the additional dimensions to leading Learning Management Systems.
Most LMSs are web-based to facilitate "anytime, any place, any pace" access to learning content and administration.
Leading Learning Management System providers seek to include integrated Performance Management Systems which encompass such functionality as performance management (i.e. period-based appraisals), competency management, skills-gap analysis, succession planning, and multi-rater assessments (360 degree reviews).
For the commercial market, the development path for Learning and Performance Management Systems (LPMS) appears to be towards the inclusion of recruitment and reward functionality. With these enhancements in place, the complete life cycle of learner development, from recruitment to retirement, will be covered.
Learning Management Systems are favored by regulated industries (e.g. financial services and biopharma) where compliance training is essential.