Please pick three risk items (aka: three columns) and select one X within each of the three columns representing the match between the risk and its associated control and discuss the following questions: (1) Use an example to demonstrate the risk. (2) Use an example to demonstrate the associated control. (3) How will the control minimize the risk? (4) Are there remaining risks even after the control is implemented? If so, please identify one remaining risk (Hint: you can use the Xs in the same column to help you brainstorming).

Risks Lack of Loss of Control Project Users Lack of Complexity and| In- HouseResistance Mis-management Skills of Complex Projects Alignment Between IS and Business Decision- Making Due to Decentralized Processes Business process reengineering Consultants' involvement The close working relationship between the project team and consultants Senior managements' support X Project sponsor X X Steering committee X The project team Detailed requirements specification Detailed implementation plan Frequent communication with the system users Managerial "People" skills X Users involvement X Training X X Internal audit's involvement X System testing prior to the system implementation X Close monitoring the system after the system mplementation X Project management X Controls