Answer)
For a software selection process, calculation of the IT budget is considered to be the first step and there is a budget utilization that is meant to developing the business cases and for calculating the potential return to investors as well as evaluating or comparing the potential software supplier. One should know as to how much funding is needed for preparing a specific level of the proposal and for spending several steps in planning for any of the new software purchases.
One can use the software selection budget worksheet could be used for calculating the ERP budget.
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