Case Study 4 and Exercise 1

Exercise 1:  Risk Analysis 

Before you begin this assignment, be sure you have read the Case Study and completed the assignment for the Case Study Stage One and Stage Two projects.  You should also review the reading “How To Guide to Risk Management.”

Purpose of this Exercise

 

This activity provides you the opportunity to apply a risk analysis to a specific technology solution.  It directly supports the following course outcomes to enable you to:

· evaluate information systems and enterprise solutions to determine the best fit to enable the organization's strategic outcomes

· use information technology tools and techniques to support business intelligence gathering and decision making

· apply information technology best practices and methodologies to create information technology solutions

Assignment

Using the Case Study and the IT solution you proposed for Stage One of the Case Study project, complete the risk analysis matrix provided below. 

1. Briefly describe your proposed IT solution. 

2. Complete the Risk Matrix below:, describing for each Area of Risk:

a. Explain each are of risk and describe how that area applies to your proposed IT solution for the Case Study,

b. the probability (High/Medium/Low) of its occurrence,

c. impact (High/Medium/Low) on the organization if it does occur and

d. a strategy to mitigate the risk. 

3. Explanations of each of the Areas of Risk are available in the document “How to Guide to Risk Management,” pages B3-B7.  Definitions for probability of occurrence and impact may be found on page 7 and an example of a mitigation strategy is given on page 9 of the same document.

Your paper should be 2-3 pages in length and provide the brief description in a paragraph followed by the table below, that you may copy, paste into your file and then complete.  Do not limit yourself to the space shown in table, but provide complete answers for “Description” and “Strategy for Mitigation.”   Submit your paper via your Assignment Folder as a Word document with your last name included in the filename.  Use the Grading Rubric below to be sure you have covered all aspects of the assignment.

 

Risk Analysis 

 

4. Brief Description of Proposed IT Solution as it relates to the Case Study:

 

1. Risk Matrix

 

Area of Risk	Description	Probability of Occurrence	Impact  of Occurrence	Strategy for Mitigation
1. Strategic
1. Business
1. Feasibility
1. Capability to Manage Investment
1. Organization and Change Management
1. Dependencies and Interoperability
1. Security
1. Privacy
1. Project Resources
1. 0.  Schedule
1. 1.  Initial  Cost
1. 2.  Life Cycle Cost
1. 3.  Technical Obsolescence
1. 4.  Technology Environment
1. 5.  Reliability of Systems
1. 6.  Data and Information
1. 7.  Overall Risk of Investment Failure