Managing Risk in Enterprise Resource Planning Projects
Enterprise Resource Planning (ERP) projects are strategic and capital intensive, so failure may be costly and even cause bankruptcy of companies. Previous papers have proposed ways for improving implementation, but they are mostly generic and follow standardized project management practices as specified in various standards (e.g. the "Project management body of knowledge" of the project management institute). Because ERP is interdisciplinary (involving change management, project management and information technology management), it warrants a customized approach to managing risks throughout the life cycle of implementation and operation.