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The Short List

Vendor selection means more than just casting a wide net.

By George Grieve | Updated on September 05, 2011

To recap some of the topics we’ve discussed in this column over the past five years, core system replacement projects are risky, costly, and have large operational impact (both good and bad). These projects cost millions of dollars, take years to complete, and (still, unfortunately) fail more often than they succeed.

Core system replacement projects fail for a few common reasons which include lack of scope control; lack of executive management commitment; change in executive management; lack of project and program management; and choosing the wrong vendor or not understanding the vendor that has been chosen.

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