Risk Organization for ERP Projects

Software projects' past goes back to four or more decades. We encounter the first software project risk management paper in 1991[1] and the study [2] reports that in 1995 US spent $250 billion to software projects and these projects had estimated $59 billion in cost overruns and another $81 billion had spent on canceled software projects.Although failures are tremendous, we have observed the project risks and critical success factors are given like shopping lists and so the remedies of risk factors. Very few studies exist for searching the relationships of these risk factors and the relationship between remedies and risk factors. We are trying to construct a simple model of risks and remedies borrowing concepts from systems and control theory