How to Prepare an ERP Budget: Ten Critical Steps
Posted on October 22, 2009
As part of a report on how to prepare an ERP system budget, this Resource shares the following ten steps and checklists to help organizations develop ERP project budgets:
1. Clearly define the budget scope and continuously communicate.
2. Define the cost components of the ERP implementation.
3. Identify primary software costs.
4. Identify third-party software needs.
5. Identify possible non-ERP related software needs.
6. Identify the costs of consultants.
7. Plan for an implementation “War Room.”
8. Plan for hardware equipment storage needs.
9. Do not underestimate miscellaneous costs.
10. Define your budget’s critical success factors.
Link to Resource: How to Prepare an ERP Budget: Ten Critical Steps | PDF
Source: Arthur Herbert, Collegiate Project Services
Find more Resources like this in the following ERP System Buying Guide Section: Budgeting for ERP/How Much Does ERP Cost?
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