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IT Risk Management Essay

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Introduction
This project will conduct a thorough analysis of such information services desired by customers to design a Web-based system to provide such services and implement the proposed Customer Relationship Management (CRM) web-based solution.
• Description of the methodology, new processes, and IT tools and how each of them is used to satisfy the business need. Methodology
• Research and identify competitors, management and technology companies that are facing similar problems.
• Gather and evaluate competitive intelligence tools which include competitor Web sites, products and services, and market research reports for PPI’s business solutions.
• Evaluate current trends and proven models for IT development – Internet, Ecommerce, and Supply Chain Management (SCM).
• Analyze the business impact of IT development programs to justify investments. (PPI’s criteria are to reduce or lower overhead cost or expenses.)
• Explore market and vendor analysis of the top leadership vendors.
New Processes
PPI’s On-line Web Customer Portal will provide educational information services such as (1) ability for customers to submit unstructured and structured comments about movies, music, and games purchased or rented; (2) submit requests for new products for sale and rent; (3) check due dates for a customer’s outstanding rentals; (4) extend a rental without penalty for a minor fee to be applied when the item is returned; (5) review the inventory of items carried in the store; (6) patents can monitor items rented or purchased by children.
PPI’s future enhancements will include an online and live for tutoring and supplemental education services to students of all ages and skill levels. The online tutoring options will provide individua...


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Conclusion
The need for effective IT risk management has become significantly more important as organizations have become more dependent on their IT systems for their success and business competitiveness. While many organizations feel they have a solid grasp on their IT risk concerns, too often their IT risk management efforts have serious gaps and vulnerabilities due to a failure to take a holistic approach to IT risk. The risk management strategy plan for Plush Packets Inc., defined in this document provides the greatest opportunity for success and ensures executive support. Aligning the risk strategy with the organization’s overall business strategy plays a key role to success to the plan’s success. Once the strategy is defined and agreed upon—preferably, with agreement at the executive board level as well—it needs to be communicated to all stakeholders.



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