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The ERP project management: Why Finance Departament Should Lead ERP Projects?
- sekuest
- Aug 16, 2024
- 2 min read
Updated: Oct 6, 2024
Implementing a new ERP system is a complex and time-consuming project. Project management plays a crucial role in this process. It is responsible for planning, executing, and controlling the project.
In the past, it was common for project management to come from the IT department. However, this has changed in recent years. More and more companies are relying on project management from the finance department.
What are the advantages of having project management from the finance department?
Knowledge of Business Processes: The finance department is responsible for managing the company’s finances. In this role, employees gain deep insight into the company's business processes. This knowledge is crucial for the successful implementation of an ERP system.
Understanding of Requirements: The finance department is typically the largest user of an ERP system. Consequently, it has a precise understanding of the company’s requirements. This is important for configuring the system to meet the company's needs effectively.
Leadership Skills: Project management is responsible for leading the project team. Employees from the finance department usually have prior leadership experience. This experience is valuable for motivating and coordinating the project team.
What support does project management from the finance department need?
Project management from the finance department should be supported by an IT expert within the core team. This expert can advise and assist the project management with technical issues.
Additionally, the project management should be supported by the company's functional departments. These departments are responsible for translating requirements into the ERP system and should therefore be closely involved in the project.
Conclusion
Project management from the finance department is ideal for the successful implementation of an ERP system. They have the necessary knowledge and skills to lead the project effectively.
