Top Reasons Why ERP Implementations Fail
Any organization that implements an enterprise resource planning (ERP) system is taking a big bet. After all, the ideation, design, and implementation of an ERP system can take anywhere from six to 18 months - not to mention another six to 18 months for the organization to fully implement it. An ERP implementation is like a marriage. The parties enter with optimism and hope for the future, but things can go south fast if one party isn’t willing to compromise or work toward a common goal. If you’re planning on implementing an ERP system any time soon, you should know that no other project has a higher fail rate than an ERP implementation. According to one study that covered over 500 different implementations, only 35% are still up and running after three years. That’s pretty terrifying! So what can we learn from these failures? They almost always come down to a few universal points: Lack of Executive Support + Inexperienced and In...