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Three key risks that could impact business outcomes as 1. Financial risk 2. Security and fraud risk 3. Operational risk Through the literature applied system SCT-ASRS was unable to perform at anywhere near the required operational speed which is also unreliable and need to debug for better functionality requirements. Financial risk potential future situation that causes business to lose money can appear in many forms as from customers who fail to pay for their purchases, suppliers who fail to ship inventory, and even the company's own business strategy, if risky decisions are made, where it is understood to include only downside risk, meaning the potential for financial loss and uncertainty about its extent. Security and fraud risk include theft of assets, fraudulent disbursements, manipulation of expenses, and inappropriate journal entries and could damage an organization by giving information to an enemy or competitor and includes the loss of public funds through misallocations, higher expenses and lower quality of goods, services and works. Operational risks are due to errors, breaches, interruptions or damages which either intentional or accidental and caused by people, internal processes, systems or external events and also can occur at every level in an organisation.

1. Risk specifications i. Financial risk: risk occurs when project goes over the budget which initially set because of unrealistic or lack of detailed financial plan in the project planning phase and potential need to be allocated and managed to ensure the successful financing of the project ii. Security and fraud risk: result can be a lack of visibility due to siloed work, going over budget, falling behind project deadlines, changing project requirements, having to pivot project direction, or disappointing project outcomes which has the potential to grow like a virus, destroying the health of businesses and causing greater and greater losses iii. Operational risk: this involves changes in company or team processes, like an unexpected shift in team roles, changes in management, or new processes and can create distractions, require adjustments in workflows, and may impact project timelines.

2. For each risk: a. Impact and ratings

i. Financial risk: this impact -loss of capital to interest -unable to control monetary policy -include credit risk, liquidity risk, and operational risk

ii. Security and fraud risk: -potential for losses due to a physical or information security incident -consequences are inefficiency, fraud, mismanagement, a loss of client assurance, and a loss of customers -impact on business to loss of public trust, as well as damaging relationships

b. Potential mitigation and contingency plan: 1. Financial risk mitigation and contingency plan: focuses on the financial resources necessary to keep the company solvent and operational when a crisis occurs which typically develop financial contingency plans by gathering and analyzing data, then handing it off to senior managers and executives who brainstorm strategies. For this mitigation strategy needs to account for all areas of business, from human resources to operations -production workflow to understand where the costs are, especially in outsourced areas and employees feel safe, give them something to be passionate about and allow them an environment where they can continuously learn -planning comes with a strong business case, because companies that can respond effectively to a crisis and quickly get back on their feet could gain a competitive advantage over other companies

2. Security and fraud risk: strategy considers risk from every possible angle, from employee security and fraud to legal compliance to disaster insurance, and helps to avoid the worst consequences each event could have on business and allows for consistency in preparedness and best utilization of resources -monitoring transactional data to proactively identify anomalies indicative of fraud and security professional for the appropriate solution to monitor and secure sensitive data

3. Operational risk: plan attempts to decrease the chances of a risk occurring, or decrease the impact of the risk if it occurs and manage those risks, both positive and negative, which threaten the organization and business uses to protect its interests when conducting operations or activities These plans estimates of the expenditure to be incurred and the revenue to be generated during a certain period of time and regards the commitment of expenditure, a decision is taken to use a particular sum from a specific budgetary line in order to finance a specific activity with money is budgeted for dealing with unplanned but statistically predictable cost increases.