University Risk Report: Siemens NX and Solidwork Disaster Recovery

This report provides a comprehensive analysis of disaster recovery risks faced by Siemens NX and Solidwork, focusing on their application within an educational context. The introduction highlights the importance of these software in engineering studies and the need for a feasible risk assessment. The report includes a detailed risk register, identifying various potential risks, such as changes in political and economic conditions, data dependency, fluctuations in operating results, market competition, technical errors, licensing disruptions, customer acceptance, and server platform issues. Each risk is assessed for its probability, impact, and potential mitigation strategies. The conclusion emphasizes the importance of proactive planning, effective strategies, and proper investments to minimize the impact of these risks and ensure business continuity. The report also references several academic sources to support its analysis.

Running head: DISASTER RECOVERY
DISASTER RECOVERY
Name of Student
Name of University
Author’s Note

1DISASTER RECOVERY
Introduction
Organizations like Siemens NX software provides new integration of manufacturing solution, design as well as
simulation that allows various users to utilize numerous functions for the purpose of modeling. After having a detailed
look at the capabilities of NX software, it makes the institute a vital opportunity in the engineering studies, providing
tremendous features which is beneficial in most of the fields of engineering. For the purpose of preparing a feasible
report, the companies that are chosen are Siemens NX and Solidwork. Solidwork has been introduced in the UTS for the
purpose of determining the software that is feasible in nature for students as well as tutors. This particular report
discusses regarding various risks faced by the institutes namely Siemens NX and Solidwork.
Risk register
Solid works as well as NX software operates in an environment that is changing rapidly, this environment
involves a huge number of risks, and some of these risks are beyond the control of the institute. The risk register
highlights various risks along with their possible impacts of the factors on the future results of the operations. These
risks are usually faced by the institutes and it affects the financial condition or results of the operations that are carried
out within the institute. These effects might result in further affecting the trading price of the common stock to decline

Running head: DISASTER RECOVERY
RISK RISK DESCRIPTION P
PROB
ABILI
TY
1 – 3
I
IMPAC
T
1 – 3
P
i
SCORE
EXP
ECTED
RESPONSE
IMPACT
[] the
technical
requirements
not met
These institutes have become subject to rising risks
arising from various adverse changes in global as well as
domestic political and economic condition. This includes
the requirements that are not met in order to allow the
software to perform. If it is not provided with its supportive
platform it would result in various disruptions. Along with
this, the weakness in the end-user market might continue to
negatively affect cash flow of the distributors as well as
resellers that could as a result delay in paying their
obligations to the institutes, which would also increase the
credit risk exposure. These events usually harm their
1 3 4 Provi
de a
platform that
provides a
favourable
environment
to run.
Prepare cost
benefit
analysis in
an effective

1DISASTER RECOVERY
business results of the operations as well as financial
condition.
manner in
order to
reduce the
loss in their
revenue.
[] tim
e consumed
in training
students
The institutes derive a substantial amount of their
data from a limited number of services; in case the students
are provided with proper training regarding products their
net data collected would be adversely affected and. They
derive a substantial part of their net data from software of
AutoCAD. Hence the time consumed in the overall process
of providing instructions Any factor that would affect the
training of the products to students has high chances to harm
their operation systems. This has resulted in and might
continue to have a negative impact on the implementations
of the produce within university.
2 1 2 Prov
ide the
students with
tutorial
videos for
thr purpose
of self
learning.
Monitor the
training
provided to

2DISASTER RECOVERY
students.
[] fluc
tuation of
time required
for operating
results
Their operating results fluctuate within each quarter
and from quarters to quarter making their project consume
more time than expected. The fluctuations might cause
delay in their respective projects as a result experience miss
in deadlines. Some factors that might cause their operating
results to fluctuate are timing of introduction of various new
products, platform changes, delay in product release and
many more.
3 2 6 adopt
a shortcut
for
completing
projects in
time and
keep a track
in their
operations
and ensure
that every
stage is
carried out
in an
effective

3DISASTER RECOVERY
manner
without any
loss.
incre
asing
competition
The universities have limited barriers to the entry as
well as the availability of the desktop computers along with
continuously expanding performance at lower prices helps
in contributing to the ease of the market entry. The markets
where they compete are matures as well as characterized by
vigorous competition.
1 2
2
Keep
up their
value in the
market and
figure out
strategies for
innovation in
the
operations.
[] tec
hnical
consideration
of the
These institutes rely on various software that help
students in their academic field. Particular software on
which they rely includes ACIS geometric solid modeler that
is licensed from Spatial. There are various technical
3 1 3 meeti
ng the basic
requirements
of the

4DISASTER RECOVERY
software
considerations that are to be considered while using these
software, if these are not followed, the software could not be
used in an effective manner.
software and
utilize them
in an
effective
manner.
disru
ption in
licensing
relationship
Disruptions with the licensing relationships, various
independent developers as well as third party developers
might adversely affect their institutes.
2 3
6
Get
proper
license for
every
software that
they use and
keep them
into use so
that they are
do not get
expired.

5DISASTER RECOVERY
limit
ed customer
acceptance
The institute’s experience to develop as well as
introduce various new products as well as service offerings
expose them to risks like limited acceptance, costs that are
related to product defects along with huge amount of
expenditures that might not result in resulted net data
collected.
1 2
2
Incre
ase their
business by
identifying
their target
customers
and
introduce
new
strategies to
reach out to
their
customers.
[]wee
k server
platforms
The software products that are offered by the
institutes to students might contain various defects or errors
due to the week platform of server; this might cause issues
3 1 3 Utiliz
e appropriate
server

6DISASTER RECOVERY
inspite of extensive testing and quality control. These errors
or defects might result in the corrective release to their
software products, damage of their reputation, loss in their
revenue, increase in product returns and lack of acceptance
in market. Any of these factors would harm their business.
platforms
and carry out
the testing
and other
processes in
an effective
manner, this
would result
in effective
production
of softwares.
risks
due to
strategic
acquisitions
These institutes usually invest into technologies and
software products which are complementary to their
business with the help strategic alliances. The risks that are
associated with these acquisitions include difficulty in
assimilating various operations as well as personnel of the
2 1 2 make
proper
investments
on
appropriate

7DISASTER RECOVERY
companies. businesses

Running head: DISASTER RECOVERY
Conclusion
From the above presented report, it can be concluded that,
various institutes face numerous challenges in their operations, these
challenges include risks due to international operations, risks due to
strategic acquisitions, technical errors, limited customer acceptance,
disruption in licensing relationship, delay in service
development, increasing competition, fluctuation of operating results,
reduction in net revenue, reduction of general economic conditions.
These risks have been defined in a particular risk register that has been
presented in the discussion part of the report; it further presents the
impact of the risks along with their probability. Besides this, this report
also presents the mitigation factors. The mitigation factors include
unplanned operations could be avoided by making an effective plan
and make effective strategies, make proper investments on appropriate
businesses, carry out the testing and other processes in an effective
manner, this would result in effective production of softwares, get
proper license for every software that they use and keep them into use
so that they are do not get expired.

1DISASTER RECOVERY
Bibliography
Casoni, M., Grazia, C.A., Klapez, M., Patriciello, N., Amditis, A. and
Sdongos, E., 2015. Integration of satellite and LTE for disaster
recovery. IEEE Communications Magazine, 53(3), pp.47-53.
Chang, V., 2015. Towards a Big Data system disaster recovery in a
Private Cloud. Ad Hoc Networks, 35, pp.65-82.
Hasler, M. and Marfe, R., 2016. Disaster recovery and the term
structure of dividend strips. Journal of Financial Economics, 122(1),
pp.116-134.
Lu, Z., Cao, G. and La Porta, T., 2016, March. Networking
smartphones for disaster recovery. In 2016 IEEE International
Conference on Pervasive Computing and Communications
(PerCom) (pp. 1-9). IEEE.
Menon, V.G., Pathrose, J.P. and Priya, J., 2016. Ensuring reliable
communication in disaster recovery operations with reliable routing
technique. Mobile Information Systems, 2016.
Miller, D.S. and Rivera, J.D. eds., 2016. Community disaster recovery
and resiliency: Exploring global opportunities and challenges. CRC
Press.
Phillips, B.D., 2015. Disaster recovery. CRC press.
Sahebjamnia, N., Torabi, S.A. and Mansouri, S.A., 2015. Integrated
business continuity and disaster recovery planning: Towards instituteal
resilience. European Journal of Operational Research, 242(1), pp.261-
273.