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1Risk and Quality AssessmentStudent’s NameInstitutional AffiliationCourse Number and NameInstructor NameDue Date
2Risk and Quality AssessmentSources of Overall Project RiskThe project is prone to face four risks that will derail the effective implementation andutilization of the integrated cloud-based ERM system. The risks include IT and cloud securityissues, data sensitivity, IT staff straining and reliance on the third party cloud services provider.Each of the risk is detailed in the risk register attached and illustrated below.
3Staff straining risk comes from a lot of work that is invested in implementing the ERMsystem while data sensitivity is from the nature of data to be easily corrupted when an intrusionoccurs (Morris et al., 2020). Reliance on the third party is experienced due to the uncertainties ofthe service provider in meeting the quality demands and security issues are mainly due to thevulnerabilities within the cloud based ERM system.