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Challenges in Implementation Planning and Risk Management Failures

This paper discusses the challenges in implementation planning and how failures in risk management can impact business strategy.

David Miller
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Challenges in Implementation Planning and Risk Management FailuresNote: responses to classmates are in different colors; original answer is in blackWhat problems have you faced when creating your implementation plan?In yourexperience, where do risk management plans fall short?When creating an implementation plan, risk management is often timesoverlooked. It is difficult to initiate the plan, but once it has finally been initiated, it iseven more difficult to establish the plan’s requirements. Requirements are necessary inorder to prevent risks from coming to fruition. The implementation plan also has to be anadequate ‘size’ and utilize an appropriate amount of resources–this is certainly difficultto establish. Sometimes the costs of an implementation can be too much and/or there maynot be enough resources to execute it effectively. In this capacity, it is also possible thatthe system and/or users are not able to meet the exact specifications that have beenprovided. I think risk management often times falls short when it comes to cost.Sometimes it turns out that costs actually end up being more than the value of the NPVresulting from the cash flow from the project.It seems that project risks pertaining to an implementation seem often times relateto size. Sometimes the costs of an implementation become too expensive and/or theremay be a limited amount of resources available. Also, I have found that the requirementsmay actually become too varied. I have also found that sometimes people are not willingor even unable to share pertinent information in regard to the target market as a result ofthe information being deemed as confidential.

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Business Management

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