Hello Anil,
My name is EngineTyme, an Independent Advisor and a Microsoft user like you and I would be glad to help you.
You can create a learning management system (LMS) within Microsoft Teams by using the Classwork feature. However, it does not have the feature to track progress of students based on completion and open up assignments upon a previous task/assignment being completed. You can use LMS365, which is an AI-powered learning platform built into Microsoft 365 and Teams, to create such a system.
Microsoft Support has a comprehensive guide on how to use Teams in conjunction with your existing LMS to support distance learning.
Your LMS and Teams: better together for distance learning: https://support.microsoft.com/en-us/topic/your-lms-and-teams-better-together-for-distance-learning-35e3c70f-11b7-447d-a4d4-3964b27911ae
LMS365 offers a course creator and learning module builder that allows you to create captivating content from scratch or incorporate elements from PowerPoint, Word, and Microsoft Stream. You can also import your pre-existing SCORM and AICC packages and access courses from world-class content libraries like and LinkedIn Learning.
You can refer to this link for more information on LMS in Teams and demo: https://lms365.com/
Additionally, Microsoft provides a training module on how to use Classwork to organize content, Grades to streamline assignments, Microsoft Forms to simplify assessments, and Insights to track academic and SEL trends.
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Please let me know if you have any questions or concern.
Best regards, EngineTyme.