A Learning Management System (LMS) has three major components: 1) Course Development; 2) Content Delivery; and 3) Process Management (archiving content, measuring and managing results, etc.)
The disadvantage of an LMS is that it requires a big investment in hardware and software. This is a big ticket item, so once an enterprise commits to one it is stuck with it.
Webcasting with a streaming media provider is a completely modular alternative that is based on open standards and requires no investment.
What is the course development tool? Microsoft PowerPoint - a ubiquitous application. As the content creator all you have to provide is the expertise; you already know how to use Power Point.
The content delivery is handled by the webcasting company. The audience does not have to download anything to access the content. The better webcasting providers offer an ASP-based service and they stream content to the browser and media player that is already on the audiences' computers (Windows Media Player, RealPlayer, Flash).
The process management is handled by the powerful reporting tools and content management systems that the better webcasting providers have. Some webcasting companies have the ability to stream the content, have attendees take a test, grade it in real time, and send a custom certificate in PDF when they pass. This is why webcasting is utilized in the Continuing Medical Education field.
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