Th$1$nk is a personal enterprise of Dr Kontos, an executive IT researcher who decided to leave academia after $35$ years, in order to explore his qualities in free market. His long successful research career, apart from his top$-$level knowledge on IT$,$ provided him with a good knowledge of implementing IT projects in large enterprises, running IT development teams as well as a good reputation in several enterprises within and out of the country.

Calling himself a computer geek, Dr Kontos is a $58-$year$-$old single without particular interest in wealthy lifestyle, social or environmental issues, being particularly focused on technology challenges and recognition in the sector. This is why he left a long executive researcher career and founded Th$1$nk $3$ years age, aiming to pursue his personal values, priorities and goals in his work, as well as to take his chances to do something great in the sector.

Benefited from great availability of funds during the early post$-$covid period, as well as a few large contracts, Th$1$nk rapidly grew up with more than $200$ programmers working in its central premises and large industries as clients throughout the world. He is mainly focused on Internet$-$of$-$Things applications but also undertake complementary projects for his large clients.

The situation

Dr Kontos is in and asked you to develop a risk management report for Th$1$nk that will help the company in managing its risks.

Software enterprises are in a dynamic environment of rapid changes. To help you with your analysis some key objectives of Th$1$nk and some key risk sources are described below:

Main objectives

$$ Economic performance: Short term economic viability.

$$ Competition: To be a market leader in the arear.

$$ Technology: To be a technological leader.

$$ Internal resources: To attract and maintain the best programmers.

Main risk sources

$$ Artificial Intelligence development.

$$ Shortage of skilled programmers.

You can use these objectives and risk sources or add more if you prefer. This is only to help

you identify risks.

The enterprise and the whole case are partly fictious. However, you might $($and you are encouraged to$)$ use real information for the sector. You are free to make assumptions for any further issues you might find useful $($e$.$g$.$ owner$$s commitment, risk appetite, etc.$)$ granted that they are reasonable and clearly stated.

Task $1($What to do$...)$

Following the basic stepwise process :

$1.$ Discuss the main objectives and risk sources.

$2.$ Identify the main risks of the enterprise $($about $5$ only$)$

$3.$ Analyze risks and qualitatively assess and prioritize them.

$4.$ Propose treatment strategies and measures for the most important risks.