Risk Management Plan

1. Introduction A risk is the probability of an event occurring which will have either a positive or adverse impact on a project in case it occurs. The project will cover a wide risk management plan for Shopify an e-commerce business. E-commerce companies like Shopify transact business online handling very sensitive data for their clients and retailers. Online business faces some risks ranging from internal to external in which some of them are natural disasters. Much anecdotal evidence shows that e-commerce associated risks mainly concern viruses, interception of credit cards numbers which travel over communication lines and hackers. There are several ways to avoid e-commerce problems, one of the ways is adopting a proactive risk management plan. Risk management is supposed to be identified as an integral activity of Shopify which includes monitoring sales, figuring out whether product selling is running well.