Suppose your college or organization is considering a new project to develop an information system that would allow all employee
s, students, and customers to access and maintain their own human resources information, such as address, marital status, and tax information. The main benefits of the system would be a reduction in human resources personnel and more accurate information. For example, if an employee, student, or customer had a new telephone number or email address, he or she would be responsible for entering the data in the new system. The new system would also allow employees to change their tax withholdings or pension plan contributions. Identify five potential risks for this new project and be sure to list some negative and positive risks. Required:
Provide a detailed description of each risk and propose strategies for addressing each risk.
The description of the given question is explained below in the explanation portion.
Explanation:
Risk 1: <u>New customer</u>
Our advantage comes from developing strong client relationships, that also typically lead to other initiatives with this client.
Risk 2: <u>Poor cost estimate</u>
It's always research linked towards the building of educational business process, therefore a complicated project consisting of several components including students, instructional personnel, and clients.
Risk 3: <u>Difficult to maintain</u>
Throughout the long term, disproportionately numerous people will be able to use that same technology in some of these circumstances.
A credible monetary policy is the policy where the problem of inconsistency of time can be avoided also the biasness of the inflation also it keeps the inflation under a control.
Therefore in the case when the central bank wants to decrease the inflation so they are using the credible monetary policy
