Budgeting for ERP

Budgeting for ERP - Lumenia Whitepaper One of the criteria used for measuring the success of ERP implementation projects is actual costs versus budgeted costs. The first step in achieving this goal starts before the implementation project with the creation of a comprehensive and realistic budget.

Preparing a budget for an ERP implementation is no different to preparing a budget for any other project: all potential costs should be examined and those that are relevant included. The difficulty is ensuring that all costs relating to an ERP implementation are considered and that the estimates are realistic and based on sound assumptions. This white paper 'Budgeting for ERP' examines those elements and the steps required to build a good budget.

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