Project Management – Identifying Risks paper

Identifying Risks & Strategies (75 Points)

Suppose your college or organization is considering a new project to develop an information system that would allow all employees, students, and customers to access and maintain their own human resources information, such as address, marital status, and tax information. The main benefits of the system would be a reduction in human resources personnel and more accurate information. For example, if an employee, student, or customer had a new telephone number or email address, he or she would be responsible for entering the data in the new system. The new system would also allow employees to change their tax withholdings or pension plan contributions. Identify five potential risks for this new project, and be sure to list some negative and positive risks. Provide a detailed description of each risk and propose strategies for addressing each risk. Document your results in a 3-to 4-page paper.

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It is essential to note that information systems are always prone to potential risks. The management, therefore, should seek ways to mitigate them to ensure that they will not result to failure of the information system project. The following will give an outline of the potential risks and the appropriate strategies and responses to help mitigate them.

New customer base with new needs and expectations

It is clear that the information system project………………

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