You are the chief information officer for a midsized organization that has decided to implement an ERP system. The CEO has met with a consulting ERP firm based on a recommendation from a personal friend at his club. At the interview the president of the consulting firm introduced the chief consultant who was charming, personable, and seemed very knowledgeable. The CEO's first instinct was to sign a contract with the consultant, but he decided to hold off until he had received your input.

Required: 

Write a memo to the CEO presenting the issues and the risks associated with consultants. Also, outline a set of procedures that could be used as a guide in selecting a consultant.