3..Your organization processes claims for medical flexible spending accounts (wh

Question

3..Your organization processes claims for medical flexible spending accounts (where employees of an organization pay pre-tax money into an account that can be used to pay medical expenses during the year). Your operations manager wants to start providing online claims processing, and wants to have a system developed to allow that. Your job is to provide a clear summary and description of the risks associated with this system. Identify at least 5 risks and assess them according to how likely you think they will be and how much of an impact they would have on the business if the risk were to occur.

Explanation / Answer

Answer

Following are the risks associated with the online claims processing system and its impact on business

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