Acquiring enterprise applications: Do not wish too hard for what you want or you might get it (Part 2)
Conclusion: Many enterprise applications remain in existence for 10 or 15 years, or even longer. The magnitude of their total lifetime costs usually mark enterprise applications as being in the top decile of all IT investments. Despite these factors, many of those involved in selecting candidate products choose the wrong products for the wrong reasons. A more structured approach is necessitated in which the traditional focus on detailed functional requirements is de-emphasised and balanced against other factors essential to making a sound, long term IT investment.