Technical Risk Analysis

Running head: TECHNICAL RISK ANALYSIS
Technical Risk Analysis Documentation
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1TECHNICAL RISK ANALYSIS
Executive Summary
This report focuses on risk analysis and management related to a project for innovative
software development by an organization. In this report, the key threats associated with the
project has been identified that are required to be mitigated for achieving the desired
requirements. The risks have been determined from present situation of the organization
which demonstrates that the project may be compromised or fail due to lack of proper
security measures. The software development project may be affected due to IT infrastructure
existing in the organization. It has been identified that the implementation of suitable security
policies will help to ensure successful completion of the project. Apart from that, it is
recommended that the organization should monitor and keep track of the employees activities
so that the project is successful.

2TECHNICAL RISK ANALYSIS
Table of Contents
Introduction................................................................................................................................3
Identification and discussion on key threats..............................................................................3
Assessment and evaluation of the risks......................................................................................4
Risk mitigation and impact on the organization........................................................................5
Summary of the protection mechanisms....................................................................................6
Gap analysis and rationale.........................................................................................................8
Conclusion..................................................................................................................................9
References................................................................................................................................10

3TECHNICAL RISK ANALYSIS
Introduction
In this report, the risks associated with a project on innovative software development
by an organization has been analysed to ensure achievement of quality deliverables. The key
threats related to the project has been presented in this report. Further, mitigation strategies
for the identified risks has been presented in this report along with impact on the
organization. The risks have to be mitigated with the help of proper mitigation strategies.
Some protection mechanisms are also discussed in this report to ensure that the project is
completed following the security requirements. A gap analysis has also been carried out to
present the areas in which further analysis is required for successful completion of the
project.
Identification and discussion on key threats
The key threats that has been identified in context to the project on innovative
software development are presented as below:
Social engineering attacks – It refers to the cyber security threats that may gain access
to the system or affect data contained in the servers.
Disclosure of critical business information – It relates to exposure of vital information
about the business thus affecting the entire project (Peltier, 2016).
Unauthorized access to the system – External attackers may steal the documentation
or codes of the software being developed as most of the data is stored on servers that is
publicly available through internet.
Loss or theft of user data – The attackers or insiders may gain access to the individual
data of the employees or customers which could be used to exploit the servers of the
organization (Soomro, Shah & Ahmed, 2016).