Gartner Research

Six Steps to Collect ERP Project Costs

Published: 18 February 2015

ID: G00274130

Analyst(s): Denise Ganly

Summary

ERP cost estimating is notoriously difficult and is often conducted in a haphazard manner. CIOs and ERP leaders should follow a formal process to ensure that all costs associated with an ERP initiative are considered.

Table Of Contents

Analysis

  • Establishment Costs
  • Recurrent Costs
  • Avoided Costs
  • Step 1. Identify the Tasks Required to Execute the Initiative
  • Step 2. Cycle Through Steps 3 to 6 for Each Identified Task
  • Step 3. Gather the Establishment Costs for the Initiative
  • Step 4. Gather the Recurrent Costs for the Initiative
  • Step 5. Gather the Avoided Costs for the Initiative
  • Step 6. Review and Refine Costs and Populate a Model

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