Quality Projects Ltd Risk Management PlanQuality Projects Ltd, a project management company in the Asian construction industry, uses the COBIT model to manage its risk exposures relating to information systems. The main purpose is to ensure that there is proper administration of information technology. In this case, COBIT is an establishment model of computing, but also a reinforcement tool. The model not only provides managers with ease in integrating control measures, but also helps resolve technical issues. Individually, the model enables the establishment of policies along with the beneficial exercise of information technology management throughout the enterprise. Primarily, the framework emphasizes regulatory compliance, as well as facilitating the organization to increase the comfort achieved by effective information technology integration (Moeller 22). Overall, Quality Projects Ltd operates in three countries: India, Japan and the Philippines, with approximately 2400 employees. . For this reason, the company's IT specialists in these countries support operations at the locations. The IT group consists of research and development departments, which are an integral part of the company's operations, where other experts and back office are often hired. Furthermore, the main purpose of back offices is to support the company's IT resources. Previously, the company was engaged in a number of governance programs with different teams from different operational areas within the company. Therefore, the main challenging situation was to initiate governance standards along with assurance procedures across technology departments. Likewise, the creation of technology factories is coupled… in the middle of the paper… in short, it took two years to formulate and implement the risk management program. Currently, the company is engaged in activities that seek to improve the program using both internal and external expertise. In most cases, the headquarters is responsible for developing the process, while the subsidiaries play an instrumental role in its execution. Since the executors are located in different countries, their responses influence the stability of the process. Works CitedCrouhy, Michel, Galai, Dan and Mark Robert. The essential elements of risk management. New York: McGraw-Hill Professional, 2006. Print.Frenkel, Michael, Hommel, Ulrich, Dufey, Gunter, and Rudolf Markus. Risk management: challenge and opportunity. Oklahoma: Springer, 2005. Print.Moeller, Robert. Brink's Modern Internal Audit: A Common Body of Knowledge. New York: John Wiley and Sons, 2009. Print.