Enterprise Risk Management System Assignment

Enterprise Risk Management System Assignment

Enterprise Risk Management System Assignment

Introduction

The use of different kinds of different kinds of high form of sophisticated based enterprise systems would be helpful for developing changes within the underlying processes of the business systems. This would lead to high form of improvement s within the efficiency of reengineering. Some of the recent ERP systems help in the identification of several kinds of errors that occur during the implementation plan phases of the project (Colombo et al. 2014). The report helps in the proposing of impacts within the existing systems and thus would discuss the impact of the risk that are threatening for the systems and thus would help in mitigating of those kinds of risks (May, Dhillon and Caldeira 2013). The report helps in discussing about the various kinds of risks that are faced by the ERP systems. These kinds of failures would be highly detrimental for the success of the ERP systems and would pose major forms of threats within the system. Hence a proper mitigation plan would be highly needed for securing the highly efficient systems. These would thus result for the benefit of the systems and thus would help in benefiting the organisation.

Discussion

The proper form of implementation of ERP systems within an organization requires high form of expertise and huge forms of investments within the development activities of the project.

Failures of Enterprise Systems

1. Poor ERP Selection – A lot of factors are put under major focus during the implementation of an ERP system such as the speed and costs incurred during the selection of the system. The ERP systems help in proper form of review of the internal processes of the system. Hence the implementation of a proper form of ERP systems would be helpful for managing the various kinds of risks within the systems (May, Dhillon and Caldeira 2013). Poor implementation of ERP systems could lead to unsuccessful delivery of results. Selection of an improper ERP system could lead to dangerous forms of impacts for the organisation who have been major uses of the low quality ERP systems.

2. Poor Project Scheduling – The schedules of the project are a much important criteria based on the development of the project. Some of the companies tend to back-schedule the ERP project. Hence, this results to insufficient form of attention to the project details leading to uncompleted tasks (Kerzner and Kerzner 2017).

3. Training – The users should have a proper form of knowledge based on the using of the new kinds of software. Lack of proper form of knowledge would lead to dangerous impacts for the organisation and the impacts on the software (Mousavi et al. 2013).

4. Implementation Budget – There are some companies who fail to prepare a chart based on the design of the budget to be estimated for the implementation of the ERP systems within the organization. Hence there might be some cases where the budget of implementation of the ERP systems would be much more than the expected budget that have been meant previously (Othman and Ahmed 2013).

Steps for Averting the Failures of the Enterprises Systems

1. Proper ERP Selection – The proper form of ERP selection would be very much useful for maintaining the systems and thus implement better form of practices within the business systems (Stanciu and Tinca 2013).

2. Proper Project Scheduling – There should be a proper form of scheduling of projects. The projects should be properly scheduled in such an order that they would be able to meet the expectation of the customers (Alias et al. 2014). The different changes based on scheduling of tasks within the project help in making of changes within the environment of business and improving the sector of the business by helping in the gaining of profits. The increasing form of changes within the global form of business requirements would form a major form of challenge for the managing of the enterprise systems.

3. Proper Training Modules – There should be proper form of training modules that would be able to define the better form of measures for the betterment of the systems. There should be a proper form of monitoring and tracking of the risks within the enterprise systems would be helpful for mitigating the various kinds of challenges within the system. These risks should be managed with the proper form of reviews based on the practices of lead management (Kuratko, Covin and Hornsby 2014).

4. Scheduling of Exact Budget – The selection of the budget of the project should be properly determined based on maintaining the scheduling of the budgets required for the project (Allen et al. 2014).

Enterprise System Implementation Failures

The failures of the implementation of the enterprise systems could be made to be possible based on certain reasons are:

1. Lack of Involvement of Executives – The management team would be highly involved with each of the steps of implementation. This would help them to be in touch with the various kinds of updates, technical based aspects and scope of work. The management would be the primary form of key for getting the employees for performing the actions and decide upon purchasing the ERP software in the primary place (Kaur and Sengupta 2013).

2. Unrealistic Expectations – The ERP vendors should be able to quickly implement the ERP solutions at a lower cost. Any form of unrealistic expectations from the clients should be properly met otherwise it would be lead to the failure of ERP systems.

3. Sacrificing the Results of Cost and Speed of Implementation – There is a lot of focus based on the speed and the variations of cost within the ERP systems. These two of the major factors are very much important for improving the functionality of the systems within the company.

Management of the Failures of the Enterprise System Implementation

The management of various forms of enterprise based risks should be highly looked within the selection of enterprise based projects. The various kinds of changes within the IT based projects help in making of changes within the environment of business. The increasing form of changes within the global form of business requirements would form a major form of challenge for the managing of the enterprise systems. The success of the enterprise system would largely depend on the proper form of managing of the various processes (Chang 2016). Poor form of managing of the systems would lead to tremendous forms of impact within the systems, which would lead to failure of the enterprise systems. Poor form of management of risk, inadequate form of scope, improper allocation of human based resources and management of a proper vendor who would help in implementation of the enterprise systems would pose some form of problems within the implementation of the enterprise systems.

Many of the factors based on critical management of projects should be able to contribute for protecting the system from failure and success based on the ERP systems if the company.

Application of the Perspective of a Project Manager

Applying the perspective of a project manager, it could be recommended that there should be a proper form of monitoring of risk based on the scenarios of the organization. Monitoring the risks would be helpful for mitigating the various kinds of challenges during the phases of implementation of the ERP systems. Monitoring of the risks within the enterprise systems would be helpful for mitigating the various kinds of challenges within the system. These risks should be managed with the proper form of reviews based on the practices of management. Based on the lessons learned from the previous mistakes during the implementation phases, it could be suggested that a proper form of review based on the management of risk should be assessed and thus be removed from the system. Risk analysis plan should be made as per the requirements of the project (Hoch and Dulebohn 2013). There should be proper kind of actions, which should be successfully completed. The designing of a risk analysis plan would be helpful for suggesting the employees of the organisation to develop the various forms of strategies and thus they would review the entire project for the detection of any kind of problems within the system.

Conclusion

Based on the conclusion drawn from the above report, it could be concluded that the use of ERP systems help in supporting the organizations and the enterprise systems. The report helps in focusing of different kinds of risks and also discusses about the various kinds of mitigation systems that should be majorly adopted by the systems. The report focuses on the various kinds of failures that occur within the systems of the enterprise. The report helps in discussing about te various kinds of procedures based on the aversion of the systems. There are major forms of reasons based on the failure of the implementation of the enterprise within the various organizations. These ERP systems help in proper form of review of the internal processes of the system. Hence the implementation of a proper form of ERP systems would be helpful for managing the various kinds of risks within the systems and thus would help in meeting the expectation of delivery of the projects.

References

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