External Software Costs
When considering the external costs for the implementation of PIM, both the software costs and the implementation costs must be taken into account.
The software costs usually include the license costs, which make up the largest share. However, it is also possible that update or support costs will be incurred during the project term. It should therefore be clarified whether these costs are necessary and whether they have been included in the implementation costs.
The implementation costs are made up of various elements, such as the creation of the data model, the definition of processes and system components, the development of interfaces, training and, if necessary, the creation of data sheets or print catalogs. The quantity and complexity of the interfaces can vary greatly from project to project.
Between 15% and 20% of the external costs should be budgeted for project management.