Managing Your ERP Budget for Success

Jennifer Nicholson discusses strategies for managing an ERP budget effectively. She emphasizes the importance of thorough planning, estimating costs accurately, and including a generous contingency. She advises on managing monthly spending by utilizing internal resources over consultants and highlights the need for flexibility in the final stages of implementation. The goal is to complete the project under budget while ensuring success, even if it means spending slightly more than initially planned.

What are the key strategies mentioned for managing an ERP budget effectively?

Why is it important to plan the project, testing, and training in relation to the ERP budget?

What should be included in the budget to account for unexpected costs?

How can internal resources impact the overall ERP budget?

What is the significance of using the final surplus in the last weeks before and after going live?