Achieving benefits from document management systems during periods of budget restraint
Conclusion: Properly managing a project portfolio and determining which projects can safely be delayed during the current difficult economic environment is a complex task. For example organisations which have been considering the selection and implementation of an enterprise document/records management system (EDRMS), but are nervous about the significant costs associated with such an implementation, should look carefully at the downsides of not having such a system.
The costs of implementing EDRMS can be high. However they can often be justified by the cost benefits that can be realised from a successful implementation, and productive use, of selective functions within a document management system, such as information capture, which can include payback periods of three to six months.