Implementing a data warehouse is a massive effort that must be planned and executed according to established methods. There are many factors involved in the project lifecycle, so no single person can be an expert in all areas. Some best practices for a successful implementation include managing user expectations, building the warehouse incrementally and with adaptability, and ensuring involvement from both IT and business professionals. Risks that can undermine the project include cultural issues not being addressed, unclear objectives, unrealistic expectations, and low data quality.