ERP software is essential for an organization to manage its activities and procedures.

Understanding its unique needs, objectives, and challenges is crucial for analyzing ERP
requirements. Key phases include understanding business processes, establishing functional
requirements, assessing integration requirements, considering scalability and growth, and
determining the required level of customization. Identifying and addressing potential risk areas is
essential for managing projects. These risks include financial risks, scope and requirements,
stakeholder engagement, resource allocation, time and schedule management, technology and
infrastructure, risk management, quality assurance, change management, vendor or supplier
management, and legal and regulatory compliance.

Financial risks include budget overruns, insufficient funding, and unforeseen expenses.
Stakeholder engagement can lead to communication gaps, resource allocation can be affected by
insufficient staffing, time and schedule management can be hampered by unrealistic schedules,
and technology and infrastructure can be hampered by outdated or unreliable technology. Risk
management involves proactively managing potential unanticipated occurrences, such as delays,
cost overruns, or project failure.

References:

Ajam, M. (2018, January 2). Project Management beyond Waterfall and Agile. CRC Press.

Institute, P. M. (2018, May 7). Guide to the Project Management Body of Knowledge
(PMBOK(R) Guide-Sixth Edition / Agile Practice Guide Bundle (JAPANESE). Project
Management Institute.

Kerzner, H. (2022, March 2). Project Management. Wiley.

Walker, A. (2015, April 20). Project Management in Construction. John Wiley & Sons.