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A university intends to procure an integrated student management system holding all details of registered students including personal information, courses taken and examination marks achieved. The alternative approaches to be adopted are either:

1. Buy a database management system and develop an in-house system based on this database.

2. Buy a comparable system from another university and modify it to local requirements.

3. Join a consortium of other universities, establish a common set of requirements and contract a software house to develop a single system for all of the Universities in the consortium.

Identify 2 possible risks in each of these strategies and suggest techniques for risk resolution which would allow a procurement decision to be made.

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