ERP Application Management: Important Steps in Mitigating Risk

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Presentation Description

In ERP application management projects, reducing risk helps ensure success. Basically, risk describes the countless potential failure points that exist throughout an ERP project. Risks surface from problems in technology, staff, politics, nature and more. For example, an untested piece of equipment can fail or a hurricane can hit the weekend the project goes live. For more information about ERP Application Management, visit http://www.oneneck.com/Solutions.aspx today.

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Presentation Transcript

ERP Application Management:

ERP Application Management Important Steps in Mitigating Risk http://www.oneneck.com

ERP Application Management:

ERP Application Management Risks is described as countless potential failure point that exist throughout an ERP project Risks surface from problems in technology, staff nature and more Project managers can break down risk avoidance into five steps http://www.oneneck.com

ERP Application Management:

ERP Application Management Step 1: Identify Potential Points of Failure An experienced project team is best defense against risk Well qualified IT outsourcing firms offer the highest levels of expertise and experience Examples of point of failures: cost estimates, unqualified project managers and lack of clear objectives for ERP application management project http://www.oneneck.com

ERP Application Management:

ERP Application Management Step 2: Assess the Potential Damage After identifying point of failure, team must assess the likely damage: What will happen to budget, schedule or users’ requirements? What will the impact be at micro or macro level? How severe will damage be and who are affected? http://www.oneneck.com

ERP Application Management:

ERP Application Management Step 3: Determine the Probability of Failure Assess the probability that failure will actually occur Project team needs in-depth expertise in ERP application as well as company’s business Working with IT outsourcing company, businesses have opportunity to get expertise they may not have in-house, as well as experience implementing package within similar sized company in same industry http://www.oneneck.com

ERP Application Management:

ERP Application Management Step 4: Prioritize the Risks Team can decide what risks they’ll focus on eliminating due to detrimental effect on business Project team makes executive management aware of priority risks Monitoring plan should be in place for project team to oversee all identified and less important risks http://www.oneneck.com

ERP Application Management:

ERP Application Management Step 5: Mitigate the Risks Team needs appropriate action to mitigate all risks Goal is eliminate all risks as much as possible Mitigation involves reducing risk’s probability or impact Team needs to address both risk probability and impact in application management plan Plan should identify actions needed to reduce risk and steps required to recover http://www.oneneck.com

About the Author:

About the Author Chuck Vermillion is CEO and founder of OneNeck IT Services, a leading provider of hosted application management and managed services since 1997. For more information about ERP Application Management, visit http://www.oneneck.com/Solutions.aspx today. http://www.oneneck.com

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