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A Risk Management Process within a Large-Scale Information Technology Project - Assignment Example

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The author of this paper creates a risk management process within a large-scale information technology project. The E-Commerce project is creating an online shopping site for an existing enterprise, which will demonstrate the application of risk management.  …
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A Risk Management Process within a Large-Scale Information Technology Project
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Download file to see previous pages A large-scale project is one that is complex in execution, thus requires a vast range of experts to oversee key areas. Within a project, three main areas portray risks; project environment, organization’s arrangement, and the external environment (Baydoun, 2011). The categories employed in evaluating the risk management process adhere to the Project Management Institute’s subdivision of the process that consists of risk management planning, risk identification, qualitative risk management, quantitative risk management, risk response development, and risk monitoring and control. It is obvious that any project will have risks, and the best way to deal with them is not to avoid but understand and control them.
The goals of this E-commerce project is to reach out to the fast-growing online market owing to the viral use of the internet today, which is estimated to have at least two-hundred million users. This is a rather potential trade opportunity, thus the need to develop an online (web) shopping site. The project, once completed, is bound to attract more potential clients, contribute to more efficiency in marketing and delivery, cut the management and overhead costs, and match the modern-day digital enterprise demands (“International Survey”, 2013). However, publishing an enterprise online has its own dangers in that the virility in internet use has led to the occurrence of online crimes and malpractices that can hinder or even derail an e-commerce project.
One, the internet being virtual, it enables hackers to gain access to online business sites and interfere with normal programming. Secondly, the transactions are virtual which leads to some clients not trusting such transactions, so they keep away from online stores. On the organization’s part, they might lack the expertise to run and maintain such a site since it requires personnel with the technicality in information technology systems.  ...Download file to see next pagesRead More
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