This is one of our most popular questions. Unfortunately, there is no simple answer. How much it costs depends on a lot of factors. It depends on how long you take to develop your social management system. How many people are involved, whether you hire outside consultants or not, and how much your registrar charges.
So instead of trying to give you a simple answer, we’ll show you how to construct your own answer. One approach is to start with a Gap Analysis. Once you know what needs to be done, you can figure out how long the work should take, who should do it, and how much it should cost.
With this kind of information, you can plan your system development project and prepare a budget using the following kinds of cost categories:
Internal costs
- Gap Analysis
- Taking corrective and preventive actions in order to qualify for compliance
- Cost of preparing for an audit
- If there are non-conformances, corrective actions may be taken in order to resolve problems
- identified by the auditors.
External costs
- Services
- Consultants
- Registrars