Financial System Implementation

Financial System Implementation comprises the nine key stages described below. Taken as a whole they ensure that the system
specified and selected under the Financial System Selection process meets the Acceptance Criteria laid down by the
Project Board. This is assured because of the complete integration into this process of the FPM Control Cycle.

1 Project Initiation: as for Stage 1 of Financial System Selection
2 System Specification: confirms that the system specified as part of the Financial System Selection process is exactly as required
3 Provision of Hardware & Software: specifies and sources all the necessary hardware, software and area networks
4 System Design: creates the detailed specifications required to build the standard & bespoke system elements

“FPM ran a tight project
that was on time &
within budget”
Helen Garlick
Group Finance Director
Brakes PLC

5 System Build: builds the standard & bespoke system elements from the detailed specifications
6 System Testing: tests both the individual systems and that they work as an integrated whole
7 Construct Live System: builds the complete and fully tested system in the live environment
8 Staff Training: trains staff up in how to use the new system
9 Go-Live & Review: switches over to the live system & learns lessons for the future