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VI: Implementing the System
Acquiring the System
Once your institution has concluded a contract with the selected supplier, two project phases remain: (1) the acquisition phase, in which the solution is either purchased as an off-the-shelf product or developed through an internal and/or external partnership; and (2) the implementation phase, in which data are converted to the new system, users are trained, and the institution cuts over to the new system.
The project management team will need to consider a number of issues that will arise for each of the possible strategies the institution may have chosen as the financial system solution.
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