Risk

We elicited and ranked risk in a group brainstorming activity. To determine probability and impact, we used wide-band delphi. We rounded those numbers to make them look better.

InStyle Risk Statements
 * 1) Outsourcing partners fails to deliver project therefore we would have to start again and find a new partner
 * 2) Run out of money and have to get more loans
 * 3) No interest in this service
 * 4) People are interested but are “window shopping” and never actually rent items
 * 5) Too much demand or too much supply - no balance between renting/renting out
 * 6) Security breaches due to plethora of sensitive information from customers
 * 7) Employee turnover - people leave during the project
 * 8) Owner gives up and cancels entire project
 * 9) Copyright issues - someone has idea already or tries to steal it
 * 10) System fails entirely and multiple server issues
 * 11) Website design is uninviting - poor user interface causes customers to leave
 * 12) Bad stakeholder communication
 * 13) High maintenance costs and efforts
 * 14) Excessive reliance on external vendors