Solution : To know that the team has identified all of the significant risks associated with an IT acquisition alternative we have to go through the steps that the team has followed to come up with the significant risks. For this we will match the work done by them with the steps involved in IT acquisition process. There are several that we have to follow for the IT acquisition process and they are given below: 1) First step includes to carefully identify the business objective along with proper planning and knowing the system requirements. 2) Second step involves the redesigning of the Information system architecture so that it would be easy to identify the efforts to be put to develop the specific application for the organization. 3) Third step involves the decision making done regarding the several options available for the procurement of software solutions. Options might include leasing through ASP, leasing through contract development, outsourcing, etc. Before choosing any of the option its pros and cons, both are evaluated. 4) Fourth step involves the feasibility analysis before making the final decision for any software solution. The feasibility analysis is done with respect to technical requirements, economical requirements, operational and political requirements, legal and contractual requirements, etc. 5) Fifth step includes the important decision of deciding for the best available option among several options. 6) Sixth step involves the careful evaluation of the proposals and choosing the best suited one that fulfills the requirements of the organization. 7) Seventh step is to implement the chosen solution within the organization. This helps in testing the performance of the solution as per the requirement given by the organization. 8) Eighth step is to monitor the selected solution that whether it is effective and efficient according to the user. If all these steps are followed by the team than we will come to know that they have identified all of the significant risks associated with an IT acquisition alternative..