Oktoberfest – the largest party in the world is currently being held in Munich. As a project manager, I would love to see the project plan details for preparing and hosting a party attended by 7 million people and dealing with the drunken patrons locally called “Bierleichen” (German for beer corpses).
ECM technology has been maturing for the past few years – and with this maturation comes a wider range of price points and expertise allowing for the benefits of ECM to be utilized by smaller companies and to truly encompass ever smaller business processes and departments within an enterprise. Regardless of the size of the ECM project, each will be scrutinized by some type of cost/benefit analysis to determine whether to proceed with the project.
Today, we’re going to talk specifically about costs and the flip side of the coin – benefits or cost reductions. More specifically, I hope that the following information will increase your comfort level in dealing with ‘he/she who holds the purse strings’ – from RFP stage through negotiations that ensue regarding the trade-offs between scope, resources (costs) and time frame on your project.
It is time to revise your organization’s internal controls!
It has been almost 8 years since the Sarbanes-Oxley Act became law in the U.S. Even though this act covered only public companies, a significant percentage of ECM projects were undertaken by exempt companies to make them ‘SOX compliant’, specifically in regard to the sections of the Act that specified the criminal penalties for manipulating, destroying or altering a company’s records. Have you taken a look at internal controls since?