Project Implementation Challenges Of Core Banking Solution Of Wegagen Bank S.c

The motivation behind this study is the rapid changes that were happening in the banking industry with the coming of information technology developments related to core banking solution, but a gap remained in addressing the challenges faced while implementing CBS in Ethiopia. To address this study a descriptive research design was employed and quantitative approach was used. Data was collected from twenty five project team members through questionnaire distributed to all of the project team members and 24 of them were filled and collected. The data obtained through questionnaire has been analyzed quantitatively using descriptive statistics: frequency and percentage through SPSS version 21. Accordingly; the study conducted indicate that the CBS implementation project of Wegagen bank S.C faced challenges with regard to project implementation, HR related, vendor related and system related issues. Based on the findings the study recommends that the project team members should be accustomed to project execution process groups ahead of project implementation, there should be a motivating mechanism for rewarding the good works of the project team members and effective end user training should be provided.

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