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Risk Assessment of ERP Implementation Using Generalized Stochastic Petri Net

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  • Thangamani Gurunathan

    (Indian Institute of Management Kozhikode)

Abstract

Risk and complete uncertainty can potentially have damaging consequences on the Enterprise Resource Planning (ERP) implementation projects. Risk management is also one of the ten knowledge areas propagated by the Project Management Institute which shows its importance. Risk management in the ERP system implementation context is a comprehensive and systematic way of identifying, analyzing and responding to risks to achieve the project objectives. This paper presents a risk modelling method using Generalized Stochastic Petri Nets (GSPN) along with simulation for risk estimation in ERP implementation. An overall risk management framework is also developed and the same is used to explore various risks, categorize them as per their sources, assesses those risks and their variability. This approach will help key project participants such as client, contractor or developer, consultant, and supplier – to meet their commitments and minimize negative impacts on ERP project performance in relation to cost, time and quality objectives. The methodology is demonstrated using a case study of ERP implementation project.

Suggested Citation

  • Thangamani Gurunathan, 2017. "Risk Assessment of ERP Implementation Using Generalized Stochastic Petri Net," Working papers 239, Indian Institute of Management Kozhikode.
    • Handle: RePEc:iik:wpaper:239
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    File URL: https://iimk.ac.in/websiteadmin/FacultyPublications/Working%20Papers/239abs.pdf?t=14
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