HYPOTHETICAL INFORMATION SYSTEMS PROJECT

Hypothetical Information Systems Project

Hypothetical Information Systems Project

Introduction

The main aim of this proposal is to come up with a standard that professionals such as managers can use to control risks in an organization. The system is meant to increase the management's awareness regarding the ethical principles which should be applied at their place of work. It is assumed that when the management policy has been adopted, managers will be able to identify threats which expose practitioners to risks. After realizing these threats the management is able to use them as opportunities to achieve excellent management policies. The system also helps the top management to understand the potential risks which affect the profitability of the business (Spedding & Rose, 2008).

Resource Planning

For effective running of this software system there has to be a clear resource plan that is intended to make sure that there is no waste of time and other resources due to scarcity and improper planning. The human labor has to be perfectly detrmi0ned by the system and the correct numbers hired by the start of any project. The project time line is projected by the system and the possible adjustment can be estimated. There can be a lot of time saved if the system is properly used. Raw materials used in the project are well estimated by the software system and the cost of transport is given according to the fed data. The system by itself is not resource demanding.

Risk Analysis

This system contains two kinds of risks. They include natural risks which exist due to natural circumstances and manmade risks. The steps usually involve identifying the possible risks that exist within a company; the possible risks are usually related to the company's objectives. By determining the company's objectives, it is possible to detect what likely risks the company is exposed to.

The second step involves examining the possible effects of the existing risks, prioritizing the risks in order of the most hazardous to the least hazardous in order to know how best to solve or correct the effects when they occur (Christoffersen,2003).

Schedule Analysis

Delaying or compressing the system causes some changes in the cost of the entire project. Schedule analysis is important for the estimation of these costs so as to make the proper project plan. In the project the collection of data refers to the process the data is fed in to the system for processing.

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