Risk management system for ERP software project

ERP systems are complex software systems that organizations use to manage their resources. From the beginning of ERP system life cycle to its end it faces lots of risks that have to be identified and appropriate measures should be taken to reduce or avoid these risks throughout project life cycle. The ERP system risk expands to all major risk dimensions majorly six which are 1) control & plan 2) Requirements 3) Team 4) Environment 5) User and 6) Complexity. All these risk affect the life cycle of the ERP projects. The aim of the research is to identify all these risks in ERP projects. In this paper a risk management system is proposed for ERP risks. The purpose of the risk management system is to handle all possible risks that are encountered in most ERP projects. The risk management system helps the project managers to find out most critical risks and their effects on the projects. The risk management system proposed is based on three risk management steps i.e. risk identification, risk reduction and risk control. The focus of this research is the identification of the critical risks in ERP projects.