You are the project manager of RFT project.
You have identified a risk that the enterprise's IT system and application landscape is so complex that, within a few years, extending capacity will become difficult and maintaining software will become very expensive.
To overcome this risk, the response adopted is re- architecture of the existing system and purchase of new integrated system.
In which of the following risk prioritization options would this case be categorized?
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A. B. C. D.C.
This is categorized as a Business case to be made because the project cost is very large.
The response to be implemented requires quite large investment.
Therefore it comes under business case to be made.
Incorrect Answers: A: It addresses costly risk response to a low risk.
But here the response is less costly than that of business case to be made.
B: Quick win is very effective and efficient response that addresses medium to high risk.
But in this the response does not require large investments.
D: This is not risk response prioritization option, instead it is a type of risk that happen with the several of the enterprise's business partners within a very short time frame.
The risk identified in the scenario is that the complexity of the enterprise's IT system and application landscape may lead to difficulty in extending capacity and increased software maintenance costs in the future. To mitigate this risk, the project manager has decided to adopt a response that involves re-architecting the existing system and purchasing a new integrated system.
Based on the information provided, this risk can be categorized under the "Business case to be made" option. This option involves risks that require further analysis and justification to determine the best course of action. In this case, the risk response adopted involves a significant investment in re-architecting the existing system and purchasing a new integrated system. Therefore, it is essential to justify the investment by developing a business case that demonstrates the benefits and cost-effectiveness of the proposed solution.
It is important to note that the other risk prioritization options may not be suitable for this particular risk. Deferrals, for instance, involve risks that can be postponed or delayed without significant impact. However, in this case, delaying the risk response could lead to increased costs and difficulties in the future. Quick wins are risks that can be addressed quickly and easily. However, this risk requires a significant investment and a more comprehensive solution. Contagious risks are risks that can have a cascading effect on other aspects of the project. While this risk may have some impact on other aspects of the project, it is not necessarily contagious in nature.
In summary, the risk identified in the scenario requires a thorough analysis and justification to determine the best course of action. Therefore, it can be categorized under the "Business case to be made" option.