Create a Risk log for the project. Include at least ten risks.

The main goal of this project is to provide one centralized yet flexible system to more effectively manage all of XYZ corporation's people. Senior managers believe it will take about one year and $1 million for this important project. They also feel it would be best to purchase an existing application and tailor it, as needed. Phase 1: Initiating Scenario XYZ. is one of the world's fastest growing biotechnology firms. In addition to performing basic research, the company provides several FDA-approved drugs. They have recently expanded into the genetically modified food market and energy market, as well. The company has over 30,000 employees today, having added almost 10,000 people last year alone. They predict that they will continue to grow in the future. They currently are headquartered in California and have offices in six other states and five other countries. They plan to open four additional offices next year. Part of the reason for the company's success has been their strong work culture. The company's founders wanted to focus on using science and innovation to improve people's lives. They believe in hiring highly talented and motivated individuals who can work well on self-managed teams. Due to their rapid growth, the CIO (David) and the VP (Liz) of Human Resources have both made this project a priority to help manage the company's workforce. Their current system is not working well for doing basic functions like applicant tracking, new employee orientation, benefits management, employee security, compensation, etc. There are several decentralized systems various managers use for managing their people currently, including software to help assign people to various projects. The main goal of this project is to provide one centralized yet flexible system to more effectively manage all of XYZ, Inc.'s people. Senior managers believe it will take about one year and $1 million for this important project. They also feel it would be best to purchase an existing application and tailor it, as needed. David and Liz formed a search committee to find the best candidate for managing the Human Resource Management System Project. Since this was a high priority project that should be completed in one year, they felt it was appropriate to go outside the company in this case. After reviewing many strong candidates, they decided to hire You to manage this critical project. You worked for a consulting firm where you had successfully implemented several human resource systems in large organizations. They knew they were paying a premium for yours contract, but a lot was at stake. David and Liz agreed to be joint project sponsors. They would let the new project manager, You, form the rest of the project team. Tasks 1. Develop a Business case for the project. Be as specific as possible in the various sections. Assume some of the main functions this system must provide include applicant tracking, new employee orientation, benefits management, employee security, and compensation. The sponsors want the system to be able provide team- based, awards and assist in making team assignments across the organization. Liz, the VP of HR, would also like this project to consider providing professional development management and tracking, too, so they can make sure their people stay abreast in their fields and continue to develop their skills