Identification of Key Risks Assignment Sample

• Subject Name : Management

Deal with Risks in Web Development

Table of Contents

Overview...

Risks involved in various segments of the project..

1) Website development and management.

2) Data storage.

3) Online fundraising..

Risk Management Table..

Resolving Potential risks.

References.

Overview of Identification of Key Risks

The project revolves around the development of a website with a purpose to provide employability to people lost their jobs during the pandemic and connect employers with individuals to satisfy their job vacancies. The internet is prone to many risks. Individuals and organizations holding online ventures are under a constant threat of their content being infected by an attacker online. Attackers use different method to penetrate into other’s data and infect them with viruses and malwares. The project also undertakes the steps to store the data entered by the individuals and companies. This leads the project to provide an effective and efficient way to store and manage the data and safeguarding it from being compromised. Hence, it becomes an important step to understand the key risks involves in the project and the ways to ensure that they are managed efficiently.

Risks Involved in Various Segments of The Project

1) Website Development and Management

Every organization and institution belonging to any sector involves website development and management as an initial step to set up. It is one of the most effort consuming and time taking tasks hence making it equally important to safeguard it. Some of the risks which are related to website development can be divided into pre-development risks and post-development risks. Pre-development risks can involve the risk factors associated with the improper planning and execution of the website. Post development risks involve safeguarding the website from potential hackers and website crashes. Pre-development risks involve the inadequacy in understanding the core principles of the website and lack of necessary features. A proper team setup is also a key issue which should be taken into consideration while carrying out any project. The inability to put together a team working with the same objective can be a risk factor to the website development. The risk of crashing is faced by every website including websites created and managed by industrial giants. There are many factors which lead to a website crash including inadequate memory allotment, excess traffic and bugs [1]. Safeguarding a website against hackers is an important step to protect the website from a number of consequences. Some of the consequences which a website can face if attacked by a hacker are the risk of identity theft, chances of suspension by web hosts and website crash [2].

2) Data Storage

The website also offers employers and job seekers to upload crucial data including their personal information, hence data integrity becomes an important factor to avoid any risks related to data storage and management. Data integrity refers to the assurance provided by organizations that the data or information stored can only be accessed by authorized personnel only [3]. The data uploaded by employers and individuals can be under a constant threat of theft by attackers if proper steps are not taken to safeguard them. Inadequate management of risk factors related to database management can cause data loss and hence, reducing the effectiveness of the website.

3) Online Fundraising

Online fundraising has been used by many organizations to raise funds for different purposes and by using different methods. Some of the key risk factors which arise during this part of the project is to ensure that the money raised is safe and away from potential theft. Another risk can be the low levels of participance due to improper outreach of the ideology behind the fundraise.

Risk Management Table

Resolving Potential Risks

In order to safeguard the website against risks and resolving them in case of emergencies can assist in the smooth running of the platform. The first foremost step to ensure success of the website, an efficient workforce should be set up who can identify and work on the key aspects of the website. The website once designed and developed should be safeguarded against any threat which might be caused by external forces. Using trusted tools with a knowledgeable team can help create a website which incorporates all necessary points to be safe from cyber attackers. Website crashed can be reduced by maintaining a daily backup of the data and monitoring the traffic on the website [4]. Timely server check-ups shall be conducted to ensure the system is responding well to the data transfer. The website should also make use of security intelligence technologies which help in monitoring the network effectively and helps in identification of drawbacks in the defence system of the website. By maintaining a strong link between the project managers and the development team and by actively responding to the feedback in regard of the website, every risk can be managed effectively and efficiently.

References for Identification of Key Risks

[1] A. Golofievskiy, Deal with risks in web development, 2020. [Online]. Available: https://v-jet.net/blog/deal-with-the-risks-in-web-development

[2] S. Bocetta, How Does Getting Hacked Affect Your Website or Online Business?, 2018. [Online]. Available: https://www.woorank.com/en/blog/how-does-getting-hacked-affect-your-website

[3] n.a., What Are the Benefits and Risks Associated With Data Integrity?, 2020. [Online]. Available: https://info.knowledgeleader.com/bid/161188/what-is-data-integrity-risk

[4] J. B. Davis, A Quick Guide to Help Prevent Website Crashes and Disasters, 2018. [Online]. Available: https://www.americanexpress.com/en-us/business/trends-and-insights/articles/a-quick-guide-to-help-prevent-website-crashes-and-disasters/

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