Risk Management in Financial ERP Implementation: A Case Study Analysis in Banking
Abstract
This research paper conducts a comprehensive case study analysis to explore the intricacies and challenges associated with risk management during the implementation of Financial Enterprise Resource Planning (ERP) systems within banking institutions. Recognizing the criticality of effective risk management in the context of ERP adoption, the study investigates real-world scenarios and identifies the nuanced risks encountered during the implementation phase. By examining multiple case studies within the banking sector, this research aims to delineate the specific risks, their sources, impacts, and mitigation strategies employed during the ERP implementation process. The analysis delves into areas such as data security, compliance, operational disruptions, and strategic decision-making, shedding light on the multifaceted nature of risks encountered and managed throughout the ERP implementation lifecycle in banking environments.
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