BUS 519
This assignment involves analyzing how the Critical Success Factors (CSFs) are applied in the Harvard Business Review case study, “Boss, I Think Someone Stole Our Data.” Some examples will be provided in the analysis. The organizational readiness, risk culture, and project benefits will be determined with justification for the assessment.
Based on the above results, three project risk recommendations will be presented in this assignment. The initial risk categories (RBS Level 1 and 2) will be presented based on the case study using the Example Risk Checklist (figure A-2 Hillson & Simon text).
Analyzing Critical Success Factors (CSFs) The success of a business or project is mainly determined by its Critical Success Factors. In other words without applying, elucidating these factors a business or project may be doomed to failure (Gray & Larson, 2012). The business dictionary defines CSFs as a range between 3 to 8 items of characteristics, conditions, or variables that have direct and serious impact on the effectiveness, efficiency, and viability of an organization or project (critical success factors, Businessdictionary.com). Critical Success Factors are unique to every project therefore CSF’s are not clearly defined and can be different to each business and project.
This case study has several CSFs that indicate that the company must have at least several objectives in order to obtain success. The objectives: customer information is protected by a more secure data system, the customers and the business must have trust remain intact, insurance of becoming PCI compliant, training strategies and communication, security of the wireless inventory-control system, those who have access to information will receive authentication, staff background checks and more competent staff,...
Based on the above results, three project risk recommendations will be presented in this assignment. The initial risk categories (RBS Level 1 and 2) will be presented based on the case study using the Example Risk Checklist (figure A-2 Hillson & Simon text).
Analyzing Critical Success Factors (CSFs) The success of a business or project is mainly determined by its Critical Success Factors. In other words without applying, elucidating these factors a business or project may be doomed to failure (Gray & Larson, 2012). The business dictionary defines CSFs as a range between 3 to 8 items of characteristics, conditions, or variables that have direct and serious impact on the effectiveness, efficiency, and viability of an organization or project (critical success factors, Businessdictionary.com). Critical Success Factors are unique to every project therefore CSF’s are not clearly defined and can be different to each business and project.
This case study has several CSFs that indicate that the company must have at least several objectives in order to obtain success. The objectives: customer information is protected by a more secure data system, the customers and the business must have trust remain intact, insurance of becoming PCI compliant, training strategies and communication, security of the wireless inventory-control system, those who have access to information will receive authentication, staff background checks and more competent staff,...