In the pursuit of seamless ERP migration, the intricacies involved pose a formidable challenge, with each endeavor carrying a distinctive blend of business and technical peril. A multitude of variables influence the level of jeopardy inherent in an implementation, encompassing factors such as the extent of deployment across sites, the scope of legacy system replacement, and the magnitude of user impact. The effective management of risk in an ERP project stands as a linchpin for its triumph. What precisely constitutes a risk? Succinctly put, it denotes a prospective juncture of failure. Within the realm of ERP projects, myriad potential pitfalls loom large, spanning uncharted technological terrain, untested personnel, and political quagmires. Unlock the secrets to seamless ERP migration and risk management! 🚀 Dive deep into the complexities and strategies to mitigate potential pitfalls.

1. Presented by: Apagen Solutions Pvt. Ltd.
MANAGING
RISK ON ERP
PROJECTS

2. In the pursuit of seamless ERP migration, the intricacies
involved pose a formidable challenge, with each endeavor
carrying a distinctive blend of business and technical peril. A
multitude of variables influence the level of jeopardy inherent
in an implementation, encompassing factors such as the
extent of deployment across sites, the scope of legacy
system replacement, and the magnitude of user impact.
The effective management of risk in an ERP project stands as
a linchpin for its triumph. What precisely constitutes a risk?
Succinctly put, it denotes a prospective juncture of failure.
Within the realm of ERP projects, myriad potential pitfalls
loom large, spanning uncharted technological terrain,
untested personnel, and political quagmires. Hence, the
question arises:

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·Identifying potential failure points or risks.
How does one avert such failures?
While a plethora of risk management literature and methodologies proffer
nuanced perspectives, a quintet of overarching steps typically guides risk
management endeavors:
·Analyzing said points to gauge their potential ramifications.
·Evaluating the likelihood of these failures materializing.
·Prioritizing risks based on the foregoing factors.
·Employing requisite measures to mitigate identified risks.

4. Project stakeholders must draw upon their experiential reservoirs and
seek counsel from peers to unearth potential failure points or risks.
Scrutiny of the entire project blueprint unveils avenues for
enhancement. Soliciting insights from organizations that have traversed
analogous trajectories often proves a fruitful endeavor. Forecasts
pertaining to cost outlays frequently rank among the most prevalent
potential pitfalls. Other risk triggers encompass the absence of
executive sponsorship, subpar project oversight, and nebulous project
objectives.
Subsequently, the severity of potential failures vis-à-vis budgetary
constraints, project timelines, or user requisites warrants scrutiny.
Assessing the probable impact and likelihood of failure assumes the
guise of an art form, intertwining deep dives into ERP infrastructure and
business dynamics. Assembling a risk management cadre comprising
individuals endowed with experiential insights equips the endeavor
with prescience. This collective must boast prior engagements with the
deployment of analogous ERP solutions within comparably sized
entities operating within cognate industries.

5. Drawing from the antecedent deliberations, risks are then
accorded prioritization. Deliberations dictate the
eradication of risks deemed egregiously injurious to critical
business processes. A vigilance regimen is instituted for
risks meriting recurrent managerial attention. Stakeholders
are apprised of risks deemed sufficiently minor to eschew
granular oversight, yet necessitating vigilant monitoring for
nascent complications.

6. A panoply of variables exerts influence over an
implementation's inherent risk, spanning the breadth of
deployment sites, legacy system replacements, and the
sphere of user impact. Noteworthy among factors
mitigating business risk during migration are:
Get management support
Change management Provision of comprehensive
training
Adoption of a phased as
opposed to a 'big bang'
migration approach

7. Legacy system strategizing
Rigorous testing Provision of robust IT
support
Organizational
reengineering
Leveraging expertise
Provision of comprehensive
training

8. Summary
In essence, ERP risk mitigation mandates holistic
scrutiny, with the aforementioned tenets serving as
bulwarks against undue exposure. Prudent project
planning, budgetary allocations, and staffing
imperatives must encompass these facets. Risk
abatement pivots on diminishing either the likelihood or
the severity of potential pitfalls. Preemptive measures
to curtail specific risks constitute integral components
of the project risk management blueprint. Stakeholders
must be cognizant of the designated custodians tasked
with rectifying specific risk manifestations and the
prescribed redressal modalities. Vigilance against
incipient failures mandates proactive intervention,
epitomized by preemptive trials of operating systems or
hardware components preceding system-wide
deployment. Pilot implementations and prototyping of
initial ERP interfaces exemplify proactive risk mitigation
strategies.

9. Thank's For Watching
www.apagen.com
gaurav.kumar@apagen.com
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+91-9971-800-665
Apagen Solutions