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CMGT/545 v1

Intuit Risk Assessment – IT Group Tasks

CMGT/545 v1

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Intuit Risk Assessment – IT Group Tasks

Research

Research the following items to assist in negotiating an appropriate risk assessment for the budget of Intuit, Inc.’s cloud-based applications project:

· Past and present incidents, to plan for threats that might come

· Risk trends in the real world (new threats, new viruses, undiscovered flaws and vulnerabilities, etc.)

· Appropriate tools to gather incident data and reporting tools to protect information assets, such as malware protection, antivirus software, network firewalls, two-factor authentication, etc.

· Requirements that must be done by an independent party, such as a penetration test or audit

· Training for users (need budget and cooperation from other departments)

Risk Assessment

Create a first draft of the risk assessment that you will present to the c-suite in your meeting.

Note: You may refer to the risk assessments you completed individually in the Wk 5 – Risk Assessment assignment. As a group, identify the top risks that the project team should focus on.

Risk Assessment Table

Complete the table below to brainstorm risks to Intuit Inc.’s cloud-based application project.

Risk Level  

· Low (L): minimal impact to finance and time to completion 

· Medium (M): medium impact to finance and time to completion 

· High (H): high impact that may jeopardize the success of the project 

Likelihood of Event 

· Certainty: 90–100% chance of happening  

· Likely: 70–89% chance of happening  

· Somewhat likely: 40–69% chance of happening  

· Unlikely: 0–39% chance of happening 

Risk	Risk Level L/M/H	Likelihood of Event	Mitigation Strategy
Approve Budget	L: With most budget hard and difficult decision are made to ensure the company can do the things it need to	Unlikely	Being able to put together the right risk management tool can help the top leader make the right decision of the company
Prepare Integrated Test Report	L: Testing of the integration of most system will make or break the company’s decision when it comes down to what need to happen base off the reports	Unlikely	Having the right understand of the black box test will ensure the company can make the right decision
PM provides status meeting to Executive Management with Post Implementation Review	L: This help you ensure objective within the project were evaluate correctly, this help you ensure things were managed effectively	Unlikely	By understand the mistake that were made doing the project, will keep the company from wasting a lot of money on mistakes

Recommendations of Top 3 Risks for Mitigation

Write your recommendations of the top 3 risks to focus on, as well as the strategies to mitigate those risks.