PROJ 420 WEEK 1

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PROJ 420 Week 1 Course Project Assignment Project Topic Proposal and Outline

PROJ 420 Week 1 Discussion 1 Why Should We Practice Risk Management

PROJ 420 Week 1 Discussion 2 The ATOM Risk Management Process

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PROJ 420 WEEK 1,
Objectives of the Risk Process:

The short-term goals of the project are;

• To achieve break-even in first year
• To have minimum traffic of 50,000 visitors in first six months and a traffic of 20,000 visitors every month from sixth month till one year
• To have the sales of minimum $10,000 in first year
• To generate additional advertising revenue of $1,000 in first year.

The long-term goals of the project are;

• To have profit margin of 20% from 5th year onwards
• To have annual sale of $80,000 from 3rd year.

As the website selling ebooks is an online business, the risks associated with the business are moderate. There are some situations that presents high risk such as hacking attempts, fraud transactions, money chargebacks and customer password compromise. The tolerable risk level is moderate because investment would be made in SSL certificates to ensure
Objectives of the Risk Process:

The short-term goals of the project are;

• To achieve break-even in first year
• To have minimum traffic of 50,000 visitors in first six months and a traffic of 20,000 visitors every month from sixth month till one year
• To have the sales of minimum $10,000 in first year
• To generate additional advertising revenue of $1,000 in first year.

The long-term goals of the project are;

• To have profit margin of 20% from 5th year onwards
• To have annual sale of $80,000 from 3rd year.

As the website selling ebooks is an online business, the risks associated with the business are moderate. There are some situations that presents high risk such as hacking attempts, fraud transactions, money chargebacks and customer password compromise. The tolerable risk level is moderate because investment would be made in SSL certificates to ensure

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