Introduction Risk & Due Diligence Assessment 2022

Running Head: Risk & Due Diligence
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Introduction Risk & Due Diligence
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Risk & Due Diligence 2
Table of Contents
Introduction....................................................................................................................................2
Vulnerability Assessment Technique...........................................................................................3
Water Supply System Project.......................................................................................................3
Critical Success Factors................................................................................................................5
Threats and Selection Method......................................................................................................6
Natural threats...........................................................................................................................6
Human threats............................................................................................................................6
Critical Vulnerabilities..................................................................................................................7
Precautionary Analysis.................................................................................................................8
References.....................................................................................................................................10
APPENDIX...................................................................................................................................12

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Introduction
For a business or any other project is required to perform a Due Diligence and Risk management
with an aim of controlling potential risks. Before exploiting business or project resources, one is
advised to perform Due diligence which will ensure success of achieving the main objectives of
the project. Therefore, due diligence can be defined as the technique of risk management, which
is developed to deal with expected risk within the progress of the plan (McDonald, 2018). The
different risk to mitigate can be economical, social, environmental, technological, or legal threat
facing the project. If due diligence is performed accordingly, it will help to manage the risk in a
better way thus achieving a realistic timeframe of the project, better management of financial and
operational judgment, and finally enhance smooth assessment of the project/organization.
The influence of risk effects are common issues within the organization, business
projects, and any other activities of our daily life. Using due diligence will help to minimize
these risks, like performing Vulnerability assessment can be used as a successful technique to
reduce the risks for any existing project within or outside the organization projects activities.
Therefore, in this paper Vulnerability Assessment techniques will be the chosen methodology to
be used to identify and reduce any real risk within a project/enterprise of any other form of
business (Sousa et al., 2018). See appendix 1.
Vulnerability Assessment Technique
Identifying, managing, and reducing risk within organization systems or projects is an
essential activity amongst other strategies set to be achieved by the team. Vulnerability
Assessment technique is one of the most chosen, which is used to identify and successfully
mitigates risk. Therefore, a vulnerability assessment can be defined as the process of identifying,
classifying, and ranking the vulnerabilities in a system (Salas and Yepes, 2018). Several systems

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which can be assessed include, Information Technology system, transportation system, energy
supply system, water supply system, and communication system, among others. Performing
vulnerability assessment can be conducted according to the potential or existing threats within a
system from small to a broad range of the infrastructure available. This assessment helps to
acquire critical knowledge about the risk, awareness, and the background of the risk related to its
interaction environment.
Water system project is the selected project which is going to be discussed in this paper
through the application of Vulnerability Assessment technique knowledge.
Water Supply System Project
The main issue in this project is on how to reduce risks associated with the water supply
system. The most expected risks to be associated with this system is an accident from dam
failure, biological and chemical risks, and other natural calamities about the system. Therefore,
vulnerability technique will develop the structure which will be implemented to identify and
reduce those risks. Vulnerability assessment is composite by weaknesses in internal system
control, software, infrastructure installation, and security rules, which will affect the
confidentiality, integrity, availability, and accountability of information (Jha and Gundimeda,
2019.). Through the use of this technique will provide the means and reduce of the risk, which
may occur to the system.
The water supply system is a project which is composed of many resources like pipes
which are used as a water transmission channel, treatment plants, and water network which are
used for water distribution (See appendix 2). However, these subsystems they attract the highest
chances to be influenced by both human and natural effects, which may lead to weakness of