IS Security and Risk Management: Altium Limited

Running head: IS SECURITY AND RISK MANAGEMENT
IS Security and Risk Management: Altium Limited
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IS SECURITY AND RISK MANAGEMENT
Introduction
Information system has two perspectives, which are functional and structural
perspectives. The functional perspective defines that the information system is the
technologically implemented or deployed medium to record, store and finally eliminate the
linguistic expressions and support of inference making (Holtshouse, 2013). The structural
perspective defines that the information system comprises of a set of processes, models,
people and technology to form a cohesive structure and serving some of the organizational
purposes or functions. This information system is the collection of interlinked elements,
which eventually collect, distribute, process or manipulate information for the purpose of
decision making and judgments within any company. Moreover, the coordination or control
is also checked with the help of information system and thus the managers can easily analyze
the several problems.
This essay will be explaining the information system security as well as risk
management for the popular Australian software company, Altium Limited. This particular
organization provides PC based electronics design software for the engineers, who can design
PCB or printed circuit boards. The proper use of information system for the business
operations will be given here with the general management and application controls of
Altium Limited. The risk management techniques and audit plan or process will also be
provided in this essay.
Discussion
1. Services of Altium and Use of Information System
Altium Limited is the Australian public software organization that provides personal
computerized electronics design software. The clients of this organization are those

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engineers, who are designing PCB or printed circuit board (Altium. 2018). The most
significant products and services of this organization are Altium designer, Altium Live,
Altium Vault, Autotrax and Easytrax, CircuitMaker, CircuitStudio, P CAD, NanoBoard,
TASKING and PDN Analyzer. These are various software or design software tools that the
clients get from this organization (Altium. 2018). Moreover, the FPGAs or field
programmable gate arrays are utilized by them instead of the individual components in a
PCB. For working within the organization, the staffs or employees get various services of
information system.
The business operations of this organization are extremely unique and popular in
respect to other organizations. The outcome of the business operations in Altium is the
harvesting of asset values by the business. They have implemented information system within
their business for enhancing the various business operations and thus is termed as one of the
most important and significant organizations in Australia (Eason, 2014). The most significant
use of information system for the business processes is for the marketing and sales. Since this
is a software company, this particular business function is extremely important for their
business. Hence, information system is required in Altium Limited. Moreover, the
production, accounting and finance departments are also managed with the help of
information system and thus these business operations are well executed by this organization.
Apart from these the management support system, transaction processing system, executive
information system and the decision support systems are the major parts of this information
system. The higher level of competitiveness is another significant advantage of information
system in the business of Altium Limited (Dahlstrom, Walker & Dziuban, 2013). The
presence of the customer care service is the next benefit of information system for the
business operations of this organization. Cost effectiveness is another significant benefit of IS
in Altium’s business operations.

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2. General Management Controls of Altium
GMC or general management control can be defined as the management function that
has aimed to achieve the several organizational goals in a scheduled time. This particular
system helps in gathering and using the relevant and confidential information for the
successful evaluation of the performance of various resources of organization such as
financial and physical resources (Marchewka, 2014). The several strategies of organization
are easily implemented with the help of GMC. The procedure for management controlling
mainly included the proper performance is being compared with a planned performance. The
second step in this process is the difference within the two is being measured before
contribution to difference is recognized. Finally appropriate action is to be taken wither for
minimization or elimination of the identified differences. There are two types of general
management controls, which are preventive and detective controls. Detective management
control is utilized to identify the several irregularities only when they occur. The second type
is preventive management control (Lloyd, 2017). This type of general management control is
utilized to discourage the errors. Hence, the errors are prevented even before they occur. The
main objective of implementing GMCs is that it helps to control the overall management of
the organization easily and promptly.
There are various general management controls that Altium Limited has implemented
within their organization. Since, this is a software company; these general management
controls are extremely important and significant for them. The GMCs of Altium Limited
comprises of three distinct components, which are setting standards, measuring the overall
performance and finally undertaking appropriate actions (Dahlstrom & Bichsel, 2014). The
various changes or alterations are done with these controls and the assurance level is provided
for protecting the various products and processes of Altium Limited. The GMCs of Alitum
are given below: