Project to integrate new financial service application

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Reference no: EM134023115

Question

A project to integrate a new financial service application has been undertaken by a large banking institution. The new application will allow users to report on their financial health in real-time. This new application requires several connections between different database servers and a reporting service. In managing the project, a risk register has been completed. One of the risks associated with the project is that the reporting service could create deadlocks on the database taking it down for other services that clients are using. The likelihood of the risk occurring has been put at medium, and the impact of the risk has been estimated to cost around $50,000 per occurrence. The cost to mitigate the risk by installing a new database server is $250,000 and installing a new database server comes with additional uncalculated risks. The company culture is to take risks in order to increase the bottom line for each quarter. What should you do as the project manager in this situation?

Reference no: EM134023115

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