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Modelling and assessing ERP project risks: A Petri Net approach

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  • Aloini, Davide
  • Dulmin, Riccardo
  • Mininno, Valeria

Abstract

Risk management of Enterprise Resource Planning (ERP) projects is largely recognized as a very complex task both by academics and practitioners. Strict interconnections among risk factors often occur so that indirect effects on the overall project performance are very likely. Unfortunately, the implications of interdependency are usually underestimated by project managers and decision makers since they are difficult to include in any risk assessment logic. This work shows how Colored Petri Nets (CPNs) can be used to model risk factors in ERP projects in order to deal with the problem of interdependence in risk assessment. The technique is presented through an application to a real case study. Findings highlight the importance of interdependence and the indirect links for an effective ranking of risks. Furthermore, results emphasize the valuable support of CPNs in risk factor modelling since they allow both a more structured and systematic risk analysis and a more accurate planning for effective risk treatment actions.

Suggested Citation

  • Aloini, Davide & Dulmin, Riccardo & Mininno, Valeria, 2012. "Modelling and assessing ERP project risks: A Petri Net approach," European Journal of Operational Research, Elsevier, vol. 220(2), pages 484-495.
    • Handle: RePEc:eee:ejores:v:220:y:2012:i:2:p:484-495
    DOI: 10.1016/j.ejor.2012.01.062
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    References listed on IDEAS

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    1. Jeanne W. Ross & Michael R. Vitale, 2000. "The ERP Revolution: Surviving vs. Thriving," Information Systems Frontiers, Springer, vol. 2(2), pages 233-241, August.
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    Cited by:

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    3. Dimitra Skoumpopoulou & Catherine Moss, 2018. "The Importance of Culture in ERP Adoption – A Case Study Analysis," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 4(3), pages 259-278, July.
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    6. Ennouri Wissem, 2013. "Risks Management: New Literature Review," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 8(1), pages 288-297, December.

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