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Summary Unit 4 Assignment 1.docx IS 3110 Unit 4 Assignment 1 Risk Assessment Approaches As the network administrator a representative for U.S. Industries I have drafted a brief qualitative and quantitative synopsis detailing the risks involved with completi€5,43
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Summary Unit 4 Assignment 1.docx IS 3110 Unit 4 Assignment 1 Risk Assessment Approaches As the network administrator a representative for U.S. Industries I have drafted a brief qualitative and quantitative synopsis detailing the risks involved with completi
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Unit 4 Assignment IS 3110 Unit 4 Assignment 1 Risk Assessment Approaches As the network administrator a representative for U.S. Industries I have drafted a brief qualitative and quantitative synopsis detailing the risks involved with completing this project on time, one month early and two mo...
unit 4 assignment 1docx is 3110 unit 4 assignment 1 risk assessment approaches as the network administrator a representative for us industries i have drafted a brief qualitative and quantitati
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IS 3110
Unit 4
Assignment 1
Risk Assessment Approaches
As the network administrator a representative for U.S. Industries I have drafted a brief
qualitative and quantitative synopsis detailing the risks involved with completing this project on
time, one month early and two months behind schedule., both with and without the required
security measures.
1. Estimate the risk of bringing the project to completion:
I. On time: Little to no risk as the project would be developed and fully operational
within the specified time limit of the contract.
II. One month early: This would give us more time to test/debug and bring the
network into full production with more than enough time to fix any minor issues
that arise, if any.
III. Two months late: First and foremost, the risk is financial. This contract stands to
bring in $20 Million annually to U.S. Industries. On the low end, we stand to lose
4% (2% for each month late) of the contract fees. This could add up to a
significant amount. $20M – 4% = $19.2M this would be a realization of $800K
lost. On the other end of the scale, if we are not able to get the whole project up in
production, then we would risk losing the contract another bidder.
2. Estimate the risks of bring the project to completion:
I. On time, but not with the require security: Technically the project is complete,
but there is a security risk that may violate the contract since the company did not
provide the required services stated in the contract. This in itself, would be the
same as coming in behind schedule.
II. One month early with the require security requirement: No risk. The company
completed the project early with the required services indicated within the
contract.
III. Two months late, without the required security requirement: Depending on when
the company would be able to implement the security requirements is directly
correlated with the contract and its guidelines; the contract may be ultimately
awarded to a different bidder.
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