Project Progress Essay Example | Topics and Well Written Essays - 1250 words - 1

Project Progress - Essay ExampleThis implies that the follow is an established brand in the market. According to the companys find management plan, the plan has been shortened by two months art object the budgetary wholeocation set aside for risk management is exhausted.The above five occurrences above impart have varied ramifications on the operation and profitability of the company. The management must therefore employ item strategies in order to curb to manage the risks that are always likely to recur. The occurrence of the companys major risks had varied consequences to the company. Hacking is a global threat that often results in the loss of a companys most fundamental assets. The company therefore lost its information among other valuable assets all of which resulted in losses for the financial year. The loss of assets through the theft was yet another incident that had alike ramifications as the company lost property worth millions of dollars all of which were part of c apital.However, the company had an elaborate risk management plan. A risk management plan should always protect the companys assets and interests by checking any form of the identifiable risks. The company invested in risk management by allocating a big capital consisting of both financial and human resource. The subsequent manifestations of the specific risks are therefore a picture of the affliction of the risk management projects. Despite the fact that the manifestation of the risks in the company portrays a failure in the risk management plan, the plan helped mitigate the effects of the risks when they manifested themselves. The management plan for example provided for the replacement of the companys information and the use of appropriate firewalls to protect the companys database and information arrangement from any form of unauthorized access. The two were essential in mitigating the effects of the hacking since they did not only prevent