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PFM Best Practice: The Total Cost of Ownership of Government Resource Planning (GRP) Systems

 

February 3, 2013

Doug Hadden, VP Products

We released a set of Public Financial Management (PFM) documents last week following on our mandate of sharing good practices for the community.

The first released document, embedded below, describes methods of calculating the Total Cost of Ownership (TCO) for Government Resource Planning (GRP) systems. I think that this could also be used in general TCO analysis for Enterprise Resource Planning (ERP) systems in the private sector.

TCO is a critical concept in GRP because of the high risk of IT failure in the public sector
and the high failure rate of ERP in government . The monitoring of upgrade costs, employee retention, customization burden and electricity draw is an early warning system for IT failure. And, TCO tells you whether your GRP project is financially sustainable.

FreeBalance Good Practice GRP and TCO by FreeBalanceGRP

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Doug Hadden

Doug Hadden

Executive Vice President, Innovation at FreeBalance
Doug is responsible for identifying new global markets, new technologies and trends, and new and enhanced internal processes. Doug leads a cross-functional international team that is responsible for developing product prototypes and innovative go-to-market strategies.

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