3/17/2023 0 Comments Task3 xemba translations![]() A failure to keep time will have consequences for the company’s operations. The deadline for the project is the beginning of the third quota. The third metric to be used in the measurement of project performance will be the variance between the scheduled versus the actual time spent on the activities of the project. ![]() If more money goes to the acquisitions compared to the money in the budget for that purpose, then the project will be off budget. This is the calculation of the money actually spent on acquisitions versus the money budgeted. The measurement of the metric will be similar to the method used to measure staff performance. This expectation arose from the realization that the company will need twelve more computers to complete the project. This metric needs monitoring because of the expected increase in the cost of acquisitions. It measures the budgeted versus the actual cost of acquisitions. The second metric is similar to the first one, although it is related to the cost of acquisitions. The project will be performing poorly if the budgeted hours are less than the hours actually used in the project for the designated work packages. The measurement for this metric will be the number of hours billed versus the number of hours in the project plan. The hourly pay model gives a clear indication of what it costs the company to motivate human resource commitement to the project. The human resource for this project came with a price tag. While general metric dealing with all costs would still provide some information, the nature of labor in this project calls for proper accounting for its use. The first metric is the measurement of the budgeted cost of labor versus actual cost of labor. The following five metrics will be applied to the performance measurement of the Xemba Translations Project. These objectives provide the basis for the development of performance measurement metrics for any project. The broad objectives of the work of any project manager are the delivery of a project on time, within budget, and within the quality criteria. Initial action to take if event occurs will be to take steps to increase security of systems, try to identify common threats which may be employs of Xemba Translations who leaked information of customers.Learn More Project Performance Measurement Metrics Impact that this risk would have is itmay reduce the rating of company in market as it affect and misuse the customer information the likelihood of occurrence is very common if system has security lapses, degree of impact is negative impact but not very serious. ![]() This risk mostly occurs due to reasons such as, the risk of leakage of confidential information, the risk of loss or inaccessibility of important data, the risk of incomplete or distorted information, the risk of unauthorized use of hidden information resources (for example, creating a botnet) and the risk of spread in the environment of information that threatens the reputation of the organization. The major risks of information security may be faced by Xemba Translations are due to the security of information. Meanwhile, companies of all sizes have to deal with a number growing Internet-enabled devices, where most of the "endpoints" are connected to the Internet, especially in large corporations. These include damage to brands, espionage and theft of property intellectual. The IT security breaches can also be the cause of great risks to a business. Some of these risks are most serious which means that if they cannot be overcome effectively before the occurrence of these risks in practical life, then they can easily ruin the whole project and may lead the project towards complete failure. After understanding the techniques for risk identification and after using many techniques to identify some very effective and considerable risks that may affect the whole project very deeply, we get five risks that may affect the processing of complete project of IT in Xemba Translations. This metrics will help in identifying the risk associated with the project and will assist in highlighting the likelihood of occurrence of the risk and if it has any negative effects or causes any problems what initiatives are to be taken to minimize the risk, as it is difficult to completely eliminate risk. However it is significant for firms to analyze risks associated with the project, effects it will have while development of project. It is believed that higher the risk higher would be the return a firm would earn. Risks identified for Xemba Translations IT project Risks identified for Xemba Translations IT project4
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