Risk Management Plan for Implementing ERP in IT Industry

Running head: PROJECT PROPOSAL
Final Report
Name of Student-
Name of University-
Author’s Note-

1PROJECT PROPOSAL
Executive Summary
This report consists of risk management plan for implementing ERP in IT industry. The details
of the risk management plan are discussed in this report. The main focus of this report is to study
the tools or the software that are used for risk management plan in an organization. There are
many software discussed by three most important software are discussed in brief and comparison
of the three software are explained in this report. There is also an evaluation matrix that helps to
study the comparison between three software.

2PROJECT PROPOSAL
Table of Contents
Aim..................................................................................................................................................3
Introduction......................................................................................................................................3
Significance.....................................................................................................................................3
Listing software...............................................................................................................................4
Software selection for evaluation....................................................................................................5
Critically Review of selected software............................................................................................5
Criteria for evaluation......................................................................................................................6
Weighting criteria for each software...............................................................................................7
Evaluation Matrix..........................................................................................................................10
Justification of weighting criteria..................................................................................................10
Discussion on results.....................................................................................................................10
Discussion of problems..................................................................................................................11
Recommendation...........................................................................................................................11
References......................................................................................................................................12

3PROJECT PROPOSAL
Aim
The main aim of this research report is implementing an Enterprise Resource Planning in
an IT industry and the ways to manage the risks related to implementation of ERP in the
industry. There are many risks associated with the implementation of ERP. This project aims to
study the risk management and the software that evaluate managing of risks in the IT industries.
Introduction
Risk management is considered as the avoidance of all the negative outcomes that are
associated with a project. For a project, good project management mainly focuses on realization
of business benefits and satisfying the project objective as well as goal of the project within the
schedules time and budget (Harrison and Lock 2017). For implementing ERP system in an IT
industry, the risks that were identified were ineffective strategic planning as well as thinking,
team skills of the project is extremely poor, inadequate Business process re-engineering, and last
but not the improper change management. For mitigating the above mentioned risks, the risk
management plan is to be established in a project (Kliem and Ludin 2019). The risks
management needs to prioritize the risks, manage the risks, as well as monitor the risks and
carrying out those evaluation, risk management software are used. This report discusses three
different risk management software for evaluating the risks in implementing ERP in an IT
industry.
Significance
Risk identification is the most important part of carrying out project management in a
organization. Identification of risks allows the project manager to create a better understanding
for leveraging the stakeholder’s influence as well as taking better decisions that are related to the