Question $5(15$ paints$)$ Risk Management question

Suppose your college or organization is considering a project to develop an information system that would allow employees, students, and customers to aceess and maintain their own HR information, such as address. marital status, and tax information. The main benefits of the system would be to digitize information, so reduce HR personnel and have more accurate information. For example, if an employee or studem had a phome number. or email address change, he or she would be responsible for entering the data in the new system. F$.$mployees can also change their tax withholding info, pension plan contributions, and alike.

Identify $3$ negative risks and $1$ positive risk. Provide description of the risk, impact and probability, and. response strategies, indieate whether it is one of these: Mitigate $($reduce the probability of occurrence$),$ Escalate $($notify higher authority$),$ Avoid $($eliminate the cause of the risk$).$ Trunsfer $($shift the responsibility to a third party$).$ or Accept.

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