As the new risk manager for ZAT Solutions, you have been tasked to implement a realistic risk management process. 1.1 In a tabular form, create the risk management process for ZAT Solutions using the headings: Issue, risk and recommendation
[Undertaking Risk Management] ZAT Solutions is an IT consultancy firm based in Vanderbijlpark. Its mission is to help companies transform themselves and grow their business. ZAT Solutions helps clients that are embarking on major growth or change that are heavily technology-dependent to identify the optimal future state of IT, aligned with business needs, and then jointly develop an implementation blueprint. As a technology driver itself, ZAT Solutions always try to incorporate the latest technologies in its business processes. As part of its business process reengineering (BPR), several initiatives have been suggested and some have already been introduced, these include: • Use of social media technologies is expanding into new areas. Examples include user communities, business collaboration, and commerce. Regulatory requirements are catching up (e.g., financial services organizations). • Introduction of Bring your own device (BYOD) as a way of empowering workforces through the so-called 'consumerisation of IT'. This has resulted in an increased number of different devices being connected on the company's network and the use of m-commerce technologies within the company . Encourage and train user on mobile computing technologies. This has resulted in increased access to organisational toolkits and productivity levels. Due to the economic condition experienced in the past few months, the company has faced its own fair share of challenges. For example, reduced enterprise IT support / budgets and increased ease of technology deployments has led to multiple "shadow IT" organizations within enterprises. Shadow groups tend not to follow established control procedures. The government has recently passed a bill to regulate the management and security of types of data. Malware continues to increase in sophistication and has more avenues for execution (e.g., mobile devices and traditional computing). Most PCs still provide local admin access. Work-at-home flexibility increases issues. As the new risk manager for ZAT Solutions, you have been tasked to implement a realistic risk management process. 1.1 In a tabular form, create the risk management process for ZAT Solutions using the headings: Issue, risk and recommendation
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