QUESTION $5$

$[20$ Marks$]$

Your organisation has been operating in silos for more than a decade. The new management has decided to integrate all

the company databases within South Africa and with the company's headquarters in Germany. A range of software products

have been identified as potential products for acquisition by the senior management to complete this exercise. You have

been approached by senior management to assist in setting up processes for the organisation to ensure that risks are

minimised when acquiring the best software. Advise the Director about the importance of risk management as a best

practice and also enlighten the board about other best practices they should put in place before and during the software

acquisition process.