Risk areas in project management can significantly impact a project's success, such as outdated

technology, insufficient infrastructure, and compatibility issues. Inadequate risk identification

and mitigation can lead to delays, cost overruns, or project failure. Quality assurance is another
critical area that requires attention. ERP technologies can streamline operations, improve
productivity, and promote communication across departments. A project's success is determined
by well-defined objectives, thorough planning, stakeholder engagement, a capable team,
sufficient resources, proactive risk management, effective communication, continuous evaluation
and control, adaptability, flexibility, and learning from experience.

Project success is subjective and varies depending on project objectives, industry, and
organizational context. Common methods of requirements gathering include interviews, surveys,
workshops, observation, and document reviews. Analysis frameworks like Case Analysis, Data
Flow Diagrams, Business Process Modeling Notation, and Activity-Based Costing are used to
study requirements. Effective stakeholder management involves understanding roles and
interests, creating clear communication channels, adapting communication styles, and managing
opposing interests. Testing is crucial for analyzing requirements and implementing
them.References:

Edwards, P. J., Serra, P. V., & Edwards, M. (2019, August 13). Managing Project Risks. John
Wiley & Sons.

Walker, A. (2015, April 20). Project Management in Construction. John Wiley & Sons.