The IT department is implementing a new CRM solution in its corporate offices. The hardware currently in use is out of date and will not support the CRM application. The hardware must be replaced prior to deployment.

Write a 1,050- to 1,750-word paper that addresses the following:

• How do the five major variables of project management—scope, time, cost, quality, and risk—relate to this scenario?

• What considerations must be applied when selecting projects that deliver the best business value?

• What factors that influence project risk? What strategies would you recommend for minimizing this project’s risks?

Summarize your response by identifying best practices for managing this project.

Format your paper consistent with APA guidelines.