Risks

Risk Matrix

Risk Table

Customer Risks

C1: Department Use Rejection

  • Impact: 2
  • Probability: 3
  • Mitigation: CORSICA aims to solve wait-list issues of the department at an affordable price.

C2: Transition to a New GUI

  • Impact: 2
  • Probability: 4
  • Mitigation: CORSICA will strive to provide its users with a simple ease of access interface.

C3: Cost of Product

  • Impact: 3
  • Probability: 4
  • Mitigation: CORSICA will take into account the past and figure annual incomes in a 2 year time-span and price the product accordingly. We also aim to use cost-effective components in our product.

C4: Product Interest

  • Impact: 3
  • Probability: 1
  • Mitigation: Since there is a need for an efficient wait-list feature, CORSICA will be solution to that problem.

Technical Risks

T1: Ability to Integrate with Banner

  • Impact: 5
  • Probability: 1
  • Mitigation: CORSICA will be designed to work with Banner. Any incompabilities should be insignificant to the overall operation and can be mitigated with software updates.

T2: Software Updates

  • Impact: 5
  • Probability: 3
  • Mitigation: Technology is constantly evolving. This means it is up to us to be aware of any updates to the University software in order to provide updates to CORSICA to maintain compability with the University software.

T3: Availability of Server Storage

  • Impact: 2
  • Probability: 2
  • Mitigation: CORSICA creates event logs and data files that it keeps on a server. In the event that server storage space is low, there is a feature to back up all logs and files to another cloud storage or to download the file to the computer.

T4: Security Vulnerability

  • Impact: 4
  • Probability: 1
  • Mitigation: CORSICA runs through the secure servers of the University. This means that the data that is being transferred is encrypted, preventing anyone from hacking into the system to view the files.