Researchthe following items to assist in negotiating an appropriate risk assessment for the budget of Intuit, Inc.’s cloud-based applications project:
· Past and present incidents, in order to plan for threats that might come in the future
· Risk trends in the real world (new threats, new viruses, undiscovered flaws and vulnerabilities, etc.)
· Appropriate tools to gather incident data and reporting tools to protect information assets, such as malware protection, antivirus software, network firewalls, two-factor authentication, etc.
· Requirements that must be done by an independent party, such as a penetration test or audit
· Training for users (need budget and cooperation from other departments)
Createa first draft of the risk assessment that you will present to the c-suite in your meeting.
Note: You may refer to the risk assessments you completed individually in the Wk 5 – Risk Assessment assignment. As a group, identify the top risks that the project team should focus on.
Completethe table below to brainstorm risks to Intuit Inc.’s cloud-based application project.
Risk Level
· Low (L): minimal impact to finance and time to completion
· Medium (M): medium impact to finance and time to completion
· High (H): high impact that may jeopardize the success of the project
Likelihood of Event
· Certainty: 90–100% chance of happening
· Likely: 70–89% chance of happening
· Somewhat likely: 40–69% chance of happening
· Unlikely: 0–39% chance of happening
Risk Risk Level L/M/H Likelihood of Event Mitigation Strategy
Writeyour recommendations of the top 3 risks to focus on, as well as the strategies to mitigate those risks.
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