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Unlock Your Business Potential ERP project justification: Return on investment (ROI) Most companies will complete a capital expense justification (return on investment or ROI analysis) before committing
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How to fill out erp project justification

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How to fill out erp project justification

01
To fill out an ERP project justification, follow these steps:
02
Define the problem or need that the ERP project will address.
03
Identify the goals and objectives of the project.
04
Determine the benefits and value that the project will bring to the organization.
05
Analyze the costs and risks associated with the project.
06
Consider alternative solutions and evaluate their feasibility.
07
Develop a detailed plan for the project, including timelines and resources needed.
08
Present the justification to stakeholders or decision-makers for approval.
09
Continuously monitor and evaluate the project's progress and outcomes.
10
Adjust the justification as necessary based on changing circumstances or feedback.
11
Keep records and documentation of the justification for future reference.

Who needs erp project justification?

01
ERP project justification is needed by organizations or businesses considering implementing an ERP system.
02
It is required by the management or executive team who make decisions on resource allocation and project approvals.
03
Stakeholders, including investors, board members, and department heads, may also require ERP project justification to understand the potential benefits and impacts of the project.
04
Additionally, organizations seeking funding or support from external parties, such as banks or government agencies, may need to provide ERP project justification.
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