Fast, Good, or Cheap: Pick Two

GyrusAIM, LMS  By: Mike Babcock

Early in my career when I suggested a laundry list of useful product features to our Engineering Manager that “just had to be” in the next release he said, “Fast, Good, or Cheap: Pick Two!”  That was the first the

first time I heard the phrase, however I’ve been in the business long enough now to appreciate the value of such a simple statement as it relates to product development.  The phrase is common enough, however its value is that it describes, quite succinctly, the relationship between these three important qualities of product development and that if two are selected, then achieving the third is at best, challenging.  

That Engineering Manager is now retired, however I’ve adopted the phrase and used it myself with customers when discussing the development of Gyrus Systems’ Learning Management System product, GyrusAim.  The “Fast, Good, or Cheap” concept quickly allows our customers to “Get It” and understand the challenge we face as a LMS software company to maximize features within a specified time frame while not pricing our product out of our desired market.  In a perfect world all three goals would always be fully achievable, however in the real world each must be weighed and prioritized to create products that best meet the needs of current and prospective customers.

As with previous generations of GyrusAim, a requirement for our latest 5th generation revision was to keep it “Good.” Thus the two remaining qualities are “Cheap” and “Fast.”  I really don’t like the word “Cheap,” so I’ll replace it with “Price Competitive.”  GyrusAim is truly one of the most price competitive, enterprise level, skill-centric LMSs in today’s marketplace, with a very low price-per-learner that minimizes our client's software costs.

So we're left with “Fast.”  While we would love to release every feature on our product roadmap tomorrow, we simply can’t guarantee the “Good” or “Price-Competitive” aspects if we did.  Therefore we take the required time to fully develop and test our new features and release them only when we can guarantee they’ll fully meet our customers’ needs.

In summary, the promise that Gyrus Systems makes to our customers is that the software is good and will meet their learning and development needs now and in the future.  We also strive to keep the price of our LMS solution extremely competitive.  To meet our goals of “Good” and “Price-Competitive” software, we take the time required to analyze our customer needs and prioritize the release of these new features.  Using this philosophy, since January, 2014, we have exceeded our goal of four releases per year.  In fact, we’ve published eleven new releases that allow our customers to leverage hundreds of new features that improve their learning and development programs, a proven track history that we’d love to discuss.  Give us a call!

 

Recent Post

Training Manager Frustrations: The Customer Service Solution

Everyone wants to receive good customer service and every company would like to think they offer acceptable to great customer service…….

Why Instructor-Led Training Still Matters?

A good instructor can adapt the training content to the specific needs of the participants during a training session. For example……

My Mom and Customer Support

I spoke with my Mom last night. During our weekly conversations she enjoys reviewing the week, both the good and the bad. This call was……

Are Academic Achievements Indicators of Workforce Performance

How important are academic achievements in predicting workforce performance? The general thinking that good students will be good workers………

Implementing an LMS (or: Good Information Never Gets Stale)

 “lms implementation.”  After working my way down the list I noticed a link to the PDF “339 Tips on the Implementation of an LMS or……….

Coaching in your Learning and Development Program

Coaching is not just a byproduct of good social learning, in fact, the best learning programs find ways to implement coaching into their offerings……….

Learning Managment System – LMS Blog

It’s blog where you can get relevant information about our products, services and latest news. Check out our LMS Blog for more information……

LMS – Learning Management Systems

LMS – (Learning Management System) have a great deal of role in meeting training and compliance role. GyrusAim comes with necessary……

Surprisingly Cool Things You Can Do with an LMS

A short list of surprisingly cool things you can do with an LMS, with a consideration of your current environment and benefits……

Guideline for Finding Your Organization's Ideal LMS

Confused about which LMS to choose for your project?  Then take a deep breath and exhale a sigh of relief! Allow us to offer you some helpful…….

Gyrus hosted lms solutions systems unveils 5th generation lms

This shift is enabling more agility and access to innovative new cloud solutions, while providing a high level of security, scalability and reliability……….

Buying an LMS? Acronyms You Must Know (Part 1)

Let us explain some of the most used acronyms that you should know, when you are planning to buy a LMS: AD- Active Directory: A Microsoft's……….

Is Your Relationship with Your LMS Vendor Long-term?

But what many often forget is that the relationship with the LMS vendor is just as important. Why should you invest your dollars……….

Six Tips to Help You Select the Right lms for top vendos

The first and most critical aspect of selecting a LMS is evaluating your own requirements and objectives. Evaluate Your Need and Requirement……….

Why learning & development plans is important for individual

With point #1 in mind, career and personnel development are critical functions of LMSs so including IDP capability into an LMS makes sense……….

The Hidden Cost of Open Source LMS

Let’s take the following example: you’re an HR director for a small firm, and want to update your legacy LMS on a shoestring budget. You search……….

Gyrus Systems Announces a Major New Release of Its GyrusAim

A Learning Management Systems (LMS) leader, announced the release of a major upgrade to its GyrusAim LMS today. Over the years……….

The Future of the LMS

Social Learning In the not so distant past, the concept of social learning was but a dream in the eyes of LMS providers. A simple question of……….

Gamification vs gyrus video game: Do You know the Difference?

Gamification is fast emerging as an effective and exciting technique to engage with learners in the corporate training world. However……….

e-Learning Roadblocks – How to Avoid Them

If the viewer is sitting at the end of an Internet or Intranet pipeline fast enough to deliver the content, it is still important that the device……….

 

 

-->