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In the process of information project implementation of manufacturing enterprises, there are many risks, to set up a set of risk management mechanism is guaranteed for them to succeed in ERP implementation. Firstly, based on the analysis of ERP project implementation of China, the paper introduced the risk management methodology systems and the relative model, which includes three main steps, identifying risk, evaluating risk and controlling risk. After that, on the aspects of decision, implementation and application stages of manufacturing ERP project life cycle, the paper discussed risks of each stage, and put forward a two-dimension matrix risk management strategy. Then, a mechanism model of ERP project risk management is constructed, which shows that information risk control strategies of the last two stages, not only depend on resources of these stages, but also have a diverse relationship with the last stage. Finally, according to the successful implementation of an enterprisepsilas ERP project, the paper carried out an effective case application analysis of risk management mechanism model.