Risk Management Tips

10 Key SAP BW Project Risk Management Tips

Table of Contents

Risk Management In ERP Implementations

Have you ever tried to eliminate SAP project risk? If so, you'll know that it's difficult because large SAP projects are inherently risky, with the failure rate running very high.

So What Do You Do To Minimize SAP Implementation Risks?

Many people have found success by using advanced, tried and proven project risk management techniques. But there are a few things you should know before you implement a risk management system to ensure project success.

This post will tell you what you need to know to make sure you select a risk management approach that will let you successfully deliver SAP Projects while managing the big three of project management.

 

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Project Management RsikThe Project Manager's Iron Triangle

Three Key Risk Management Tips And Strategies

If you're looking for a project risk management system, the best method to ensure you end up with something that lets you manage risk is by looking for these things:

  • Make sure your project risk management system lets you identify and manage risks prior to starting your project. If it doesn't, you'll have trouble with integrated project risk management.

  • Ensure your project risk management system has a direct integration to your project management system so you can actively track not only the presence of risks, but as well, your response.

  • Any good SAP BW Project Risk Management should let you quantify risk. This is important because it is impossible to eliminate all project risk.  You need to quantify risk so you can prioritize and take the right actions at the right time.

While not necessary, some great bonus features of a great Project Risk Management System are:

  • List of Typical Risks encountered in every SAP Project

  • Automated linkage back to the SAP Global Risk Management system

  • Management alerting capabilities so that high risk projects get more attention

  • Ability to add newly identified risk

  • Risk Coaching as part of the integrated system

  • Visibility to all parties of all risk, including Customer, SI, SAP and 3rd Party vendors

  • Ability to benefit from organizational ‘Lessons Learned’ from other projects across the SAP eco-system.

SAP Risk Assessment

Now that you know the 10 Key SAP Project Risk Management Tips, you're ready to implement your SAP System, perform a thorough SAP risk assessment all without worrying about non-managed risks.  As many projects also involve the heavy use of Sub-contractors, you may also want to get our guide to "Subcontractor Risk Management".

Download Subcontractor  Risk Management Guide

Do You know how many projects fail that have a budget of over 1 Million USD (way more than should).

 

People who read this also read:

10 Steps to Manage SAP Project Subcontractor Risks

SAP BW Tutorial Best Practice on Project Management Risk Register

12 Risk Management Considerations to Measure WRICEF-A

How to Manage Change Management Risk

  

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Lonnie D. Ayers, PMP

About the Author: Lonnie Ayers is a Hubspot Certified Inbound Marketing consultant, with additional certifications in Hubspot Content Optimization, Hubspot Contextual Marketing, and is a Hubspot Certified Partner. Specialized in demand generation and sales execution, especially in the SAP, Oracle and Microsoft Partner space, he has unique insight into the tough challenges Service Providers face with generating leads and closing sales using the latest digital tools. With 15 years of SAP Program Management experience, and dozens of complex sales engagements under his belt, he helps partners develop and communicate their unique sales proposition. Frequently sought as a public speaker in various events, he is available for both inhouse engagements and remote coaching.
Balanced Scorecard Consultant

He also recently released a book "How to Dominate Any Market - Turbocharging Your Digital Marketing and Sales Results", which is available on Amazon.

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