Changes and uncertainty during ERP system implementations can be successfully addressed with a risk
management that also significantly affects the project's success. Risks of ERP systems implementation projects have
been analysed with regard to different phases of the project life cycle. Records on past ERP implementation projects
were subject to the analyses with an aim to identify the most common risks in terms of their likelihood and potential
consequences. The following figure describes the most common risks of ERP implementation projects in industrial companies, which need to be addressed by risk management for specific phases of the project life cycle - design,
implementation, maintenance and operation (Figure 2). A responsible person who will hold the position of Manager
for risk management should manage the risk management. The risks for the project are to be identified by the
external project manager (appointed by supplier) and internal project manager (appointed by implementing
company) together with members of sub implementation teams.