ERP Implementations Exceed Budgets, Schedules

By Dennis McCafferty  |  Posted 07-30-2014 Email

Organizations pursue enterprise resource planning (ERP) to boost their business management software capabilities. And while, overall, nearly two-thirds of organizations consider their ERP implementations a success, there are lingering pain points, according to a new survey from Panorama Consulting Solutions. Specifically, the vast majority of these projects exceed their scheduled completion time, findings show. And while cost containment is improving, most ERP initiatives still run over budget. Meanwhile, two-of-five survey respondents express dissatisfaction with their ERP vendors. To avoid these pitfalls, CIOs and their teams must spend considerable time anticipating and preparing for numerous "what if?" scenarios. "Successful organizations know that the amount of time and money they invest in training, communication and risk mitigation directly affects benefits realization and overall project results," says Eric Kimberling, managing partner of Panorama Consulting Solutions. More than 190 professionals who have worked on ERP initiatives within the last year participated in the research. For more about the survey, click here.

Dennis McCafferty is a freelance writer for Baseline Magazine.


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