What Factors Contribute to High Implementation Costs?
Several factors can contribute to high implementation costs:
1. Complexity of the New System: More complex systems generally require higher costs due to the need for specialized software and hardware. 2. Customization Needs: Tailoring a system to meet specific business requirements often incurs additional costs. 3. Training and Development: Employees may need extensive training to adapt to new systems, which involves time and resources. 4. Consultancy Fees: Hiring external experts for guidance and setup can add to the overall expense. 5. Integration with Existing Systems: Ensuring compatibility and seamless integration with current systems can be costly and time-consuming.