Which of the following indicates that an ERP implementation is on budget?

Study for the Information Technology Applications 203C (ITA203C) FE Test. Utilize flashcards and multiple-choice questions, each with hints and explanations. Prepare effectively for your exam!

The indication that an ERP implementation is on budget is when the final cost matches the proposed budget. This means that the costs incurred throughout the project have aligned perfectly with what was initially planned. Staying within the budget suggests that the project was well-managed and that all components, including purchasing, labor, and other associated expenses, were accurately estimated and adhered to.

In contrast, if additional funding is required, it signifies that the project has exceeded its budget, potentially due to unforeseen expenses or poor initial cost estimations. Variances between initial estimates and final costs also indicate budget mismanagement, showcasing discrepancies that led to overspending or underspending. Lastly, consultant fees exceeding expectations would imply that the project has likely faced additional costs beyond what was planned, further indicating a budgetary issue rather than on-budget execution. Therefore, matching the final cost to the proposed budget is the clear marker of effective budget adherence.

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