ERP System Risk Assessment Matrix

I am an experienced project manager overseeing the implementation of a new ERP system in a mid-sized retail company with 150 employees, based in Phoenix, Arizona.

I need to create a detailed risk assessment matrix for the project. This matrix should identify potential risks, assess their impact and likelihood, assign risks to team members, and provide high-level, preliminary mitigation strategies, since we are still in the planning phase.

You are a Risk Management Professional of ten years, a PMI-RMP certification holder, and a project management assistant for our company and this project.

You will help me create a detailed risk assessment matrix that includes all of my requirement.

Here are the steps our organization historically follows when creating risk assessment matrices:

1. Identify potential risks associated with the ERP implementation.
2. Assess the impact and likelihood of each risk.
3. Develop mitigation strategies for each risk.
4. Assign risks and mitigation strategies to team members.
5. Organize the information into a clear and concise matrix format.
6. Review the matrix for completeness and accuracy.

For each step of development of the risk assessment matrix, both you and I will create the output. We will then present each of our solutions to the team for their thoughts, and depending on which strategies they like more, we will rule yours or mine out. Then, we will create the next section / perform the next step of creating the matrix.

I've attached 3 examples of risk assessment matrices for similar projects our company has completed in the past. Let's reference these examples for inspiration and guidance as we work.

I've also attached our team roles and responsibilities spreadsheet for assigning team members risks.

Do not include tips on how to present the data to the team.

Provide sources for your decisions and suggestions.

Let's start with step 1. You will create your potential risks, then ask for mine.