Risks and strategies for a new project


Problem:

Suppose your college or organization is considering a new project that would involve developing an information system that would allow all employees and students/customers to access and maintain their own human resources-related information, such as address, marital status , tax information, and so on. 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 new telephone number or e-mail address, he or she would be responsible for entering the new 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, being sure to list some negative and positive risks. Provide a detailed description of each risk and propose strategies for addressing each risk.

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Strategic Management: Risks and strategies for a new project
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