Jeff Mittelman posted on February 10, 2010 17:39
Verification, Validation and Risk Management on ERP Projects
A key component of any ERP project is an adequate and thorough understanding of the client’s business and operations. At NexTec we call this the Design Phase and include this phase on every ERP project. To put into simple terms, this is:
Verification, Validation and Risk Management
During this phase which accounts for 10-20% of total project time, NexTec meets with key Company personnel. Utilizing questionnaires and personal interviews, we decompose all aspects of daily operations to gain an in-depth understanding of needs and processes to determine if current processes can be continued or need to be revised for the new ERP system.
NexTec also offers this service to non-clients who might be less than satisfied with their current solution as well as to non-clients and project management professionals who need a temporary in-house expert to act as your advocate and subject matter expert (SME). We can also help you test the solution prototype (validation).
Who would benefit from this service?:
- Companies implementing Dynamics GP, Dynamics SL and Sage MAS who need an in house subject matter expert.
- Project Management contractors that do not have a solution subject matter expert in house.
Why would someone want to purchase this service?:
- Only 34% of ERP implementations succeed with full functionality, within forecast cost and time frames; (1) Chaos Report - 2002, The Standish Group.
- Cost overruns average 43%; (1) Chaos Report - 2002, The Standish Group.
- Schedule overruns average 82%; (1) Chaos Report - 2002, The Standish Group.
- Implemented functionality averages 52% of what was desired. (1) Chaos Report - 2002, The Standish Group.
- An investment in Verification, Validation and Risk Management of 10% of project budget will reduce the risk of cost overage from an average of 43% to an average of 20% (a 23 percentage points improvement) Schedule and functionality improvement expectations are even greater. (1) Chaos Report - 2002, The Standish Group.
For more information, email marketing@nextecgroup.com.