Reduce project risk through Microsoft Dynamics 365 for Finance and Supply Chain Management by exceeding key performance indicators. There are many factors which can effectively contribute to success, including efficient planning, strong utilization of D365 tools, and good communication. With D365, you gain access to a wide range of tools for the implementation of multi-phased successful projects. In this blog post, we will be discussing the top three ways to mitigate implementation risk using Microsoft D365 Finance and SCM tools.
1. Plan Strategically
Consider all instances you need and brainstorm business outcomes in order to avoid organizational errors. By initially focusing on key business requirements and needs, you can implement projects without piling up expenses early on. Process Mapping in Dynamics helps you visualize your potential risks, guiding the business process and software configuration. With Process Mapping, you gain access to a guide to who is responsible for each process and step within that process, along with a detailed view of every facet of the organization. Such focused planning requires setting aside enough time to get thoroughly involved in projects’ risk reduction processes. Further, by recording baselines and targets for tracking performance, you can manage and develop projects effectively.
2. Carefully Assess Existing Systems and Tools
Utilize updated systems and tools in order to minimize delays, reduce waste or chances of a failed implementation, and gain project momentum by reaching business milestones. Specific tools can help clarify your project risks and help you understand how they might occur within each business process. The Dynamics Lifecycle Services Business Process Modeler is a free tool that provides template maps that are linked to user training and security. Process maps clarifies risk visualization so you can easily see where the risk sits and who/what is responsible for it. D365 offers an opportunity to standardize and centralize IT solutions, assess existing infrastructure, and gain insight into operational functionality.
3. Spearhead Projects Properly
Ensure adequate organizational management in order to optimize project communication. Placing qualified leaders as the front runners of an implementation process allows you to leverage essential skills and knowledge of the entire team in order to achieve the project’s goals. Good and open communication can be achieved through management skills in tracking data, business acumen, and operational procedure knowledge. Collective management and project communication further enables different parts of the organization to assess D365 tools, using them to plan effectively and assess impacts of process, policy, and procedural changes. Spearheading projects appropriately allows a focus on on training, organizational change management, and project support measures which are critical to mitigating implementation risk.
Next Steps
If you are interested in learning more about maximizing using Microsoft Dynamics 365 for Finance and Supply Chain Management contact us here to find out how we can help you grow your business. You can also email us at info@loganconsulting.com or call (312) 345-8817.
