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Risks identified for Xemba Translations IT project
It is believed that higher the risk higher would be the return a firm would earn. However it is significant for firms to analyze risks associated with the project, effects it will have whiledevelopment of project. This metrics will help in identifying the risk associated with the projectand will assist in highlighting the likelihood of occurrence of the risk and if it has any negativeeffects or causes any problems what initiatives are to be taken to minimize the risk, as it isdifficult to completely eliminate risk. After understanding the techniques for risk identificationand after using many techniques to identify some very effective and considerable risks that mayaffect the whole project very deeply, we get five risks that may affect the processing of complete project of IT in Xemba Translations. Some of these risks are most serious which means that if they cannot be overcome effectively before the occurrence of these risks in practical life, thenthey can easily ruin the whole project and may lead the project towards complete failure.

These risks include:

Security Risk
Description The IT security breaches can also be the cause of great risks to a business. These include damage to brands, espionage and theft of property intellectual. Meanwhile, companies of allsizes have to deal with a number growing Internet-enabled devices, where most of the"endpoints" are connected to the Internet, especially in large corporations. The major risks of information security may be faced by Xemba Translations are due to the security of information.

This risk mostly occurs due to reasons such as, the risk of leakage of confidential information,the risk of loss or inaccessibility of important data, the risk of incomplete or distortedinformation, the risk of unauthorized use of hidden information resources (for example,

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