Xemba Translations case study

Table of Contents

Task 14

Risks identified for Xemba Translations IT project4

Security Risk4

Description4

Delay Risk5

Description5

Risk of Integration6

Description6

Technical Risk7

Description7

Commercial Risk8

Description8

Task 210

Metrics for Risk Assessment10

Explanation of Metrics10

Justification of Metrics12

Current Status of the Project13

Implementation14

Problems that could affect the Project15

Mitigation and Recommendations17

Task 318

Mitigation of Problems18

Executive Summary19

Recommendations21

References23

Appendix25

The Risk Metrics Analysis25

Xemba Translations case study

Task 1

Risks identified for Xemba Translations IT project

It is believed that higher the risk higher would be the return a firm would earn. However it is significant for firms to analyze risks associated with the project, effects it will have while development of project. This metrics will help in identifying the risk associated with the project and will assist in highlighting the likelihood of occurrence of the risk and if it has any negative effects or causes any problems what initiatives are to be taken to minimize the risk, as it is difficult to completely eliminate risk. After understanding the techniques for risk identification and after using many techniques to identify some very effective and considerable risks that may affect the whole project very deeply, we get five risks that may affect the processing of complete project of IT in Xemba Translations. Some of these risks are most serious which means that if they cannot be overcome effectively before the occurrence of these risks in practical life, then they can easily ruin the whole project and may lead the project towards complete failure. These risks include:

Security Risk

Description

The IT security breaches can also be the cause of great risks to a business. These include damage to brands, espionage and theft of property intellectual. Meanwhile, companies of all sizes have to deal with a number growing Internet-enabled devices, where most of the "endpoints" are connected to the Internet, especially in large corporations. The major risks of information security may be faced by Xemba Translations are due to the security of information. This risk mostly occurs due to reasons such as, the risk of leakage of confidential information, the risk of loss or inaccessibility of important data, the risk of incomplete or distorted information, the risk of unauthorized use of hidden information resources (for example, creating a botnet) and the risk of spread in the environment of information that threatens the reputation of the organization.

Impact that this risk would have is itmay reduce the rating of company in market as it affect and misuse the customer information the likelihood of occurrence is very common if system has security lapses, degree of impact is negative impact but not very serious. Initial action to take if event occurs will be to take steps to increase security of systems, try to identify common threats which may be employs of Xemba Translations who leaked information of customers. Team member responsible are, that are hired to assure security of information on the system is responsible to develop Strategies for prevention and mitigation, must install latest security software which shows high resistance for leakage of information in wrong or unauthentic personal and must have policies regarding to information security

Delay Risk

Description

Time is not less ...