Which of the following BEST describes a common risk in implementing a new application software package?
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A. B. C. D.D.
Implementing a new application software package can be a complex process and it carries risks that need to be identified and managed. Among these risks, the most common ones are related to the new software's configuration and the impact it can have on the organization's business processes.
Option A, "Parameter settings are incorrect," is a common risk in implementing a new application software package. This can happen because the new software might have different default settings than the old software or because the settings are not properly configured to meet the organization's needs. If the parameter settings are incorrect, it can cause the new software to perform incorrectly or not meet the organization's business requirements.
Option B, "Transaction volume is excessive," can also be a risk when implementing new software. If the new software is not capable of processing the volume of transactions that the organization requires, it can lead to processing delays or errors that could impact the organization's operations.
Option C, "Sensitivity of transactions is high," is also a potential risk in implementing new software. If the new software is not properly configured to handle sensitive transactions, it could lead to data breaches or other security incidents.
Option D, "The application lacks audit trails," is also a risk in implementing new software. Audit trails are essential for tracking user activity and detecting and investigating potential security incidents. If the new software does not have audit trails or they are not properly configured, it can increase the risk of fraud or other security incidents going undetected.
In summary, while all of the options can be potential risks when implementing new software, the most common one is incorrect parameter settings. This is because parameter settings are critical to the software's performance and meeting the organization's business requirements. To mitigate this risk, it's important to thoroughly test the software and its settings before implementation, and to involve key stakeholders in the configuration process.