ERP Implementation in Banking Organization

Running head: ERP IMPLEMENTATION IN THE BANKING ORGANIZATION
ERP IMPLEMENTATION IN THE BANKING ORGANIZATION
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ERP IMPLEMENTATION IN THE BANKING ORGANIZATION
Table of Contents
Project Title:...............................................................................................................................2
Background and current practice...............................................................................................2
Project Aims and Objectives......................................................................................................2
Start date and compilation date..................................................................................................2
Project Benefits..........................................................................................................................3
Project team................................................................................................................................3
Initial risks identification...........................................................................................................4
Expected outcome......................................................................................................................4
Initial Estimates of cost..............................................................................................................5

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ERP IMPLEMENTATION IN THE BANKING ORGANIZATION
Project Title:
Implementation of ERP System in Banking Organization
Background and current practice
It has been seen that the banking organizations are going for the digital disruption in
the functioning of the organization. It has been seen that the use of the digital disruption
needs the managing of the system and the data in a proper way. In order to manage the data
and information in a proper way and bring the synchronization between functioning of the
different departments in the banking organization, the implementation of the ERP can be
adopted. The implemented ERP will bring the flexibility in the functioning of the banking
organization. Apart from that the managing of the data and the transaction information can
be achieved in a cost efficient way through the implementation of the ERP system.
Project Aims and Objectives
The project aims and objective are:
 Finding the effectiveness of the ERP system in the banking organization.
 The way for the implementation of the ERP system in the banking organization.
 Selection of the right ERP system in the organization.
 The benefits banking organizations are going to achieve through the implementation
of the ERP system.
Start date and compilation date
Stakeholders:
There are various stakeholders involved in the project. The project stakeholders are the
groups or the individuals those are directly or indirectly involved with the project. The main
stakeholder for the implementation of the ERP system is the respective banking organization.