Which of the following statements is true regarding the advantages of Parallel Running?

The statement about parallel running that is correct emphasizes its significant advantage of reducing risks by maintaining old processes. Parallel running involves operating both the old and the new systems simultaneously for a specified period. This approach allows an organization to ensure that the new system functions correctly while still having the old system as a backup in case any issues arise. By keeping the existing processes running, businesses can mitigate the risks associated with system changes, such as potential data loss, unexpected errors, or functionality gaps. This safety net is particularly valuable during the transition to new software or practices, as it helps maintain operational continuity and user confidence until the new system is fully validated and deemed reliable.

Other choices suggest immediate use, significant retraining, or an immediate implementation, which do not align with the concept of parallel running. Immediate use of a new system is not a feature of parallel running; rather, the old system continues to operate. While some retraining may be necessary for the new system, the primary focus of parallel running is to maintain existing processes rather than overhauling them immediately. Additionally, it is not characterized by immediate implementation, as the nature of parallel running allows for a gradual transition, which aids in smoothing out any potential issues.