Risk is inherent to every project. Some risks are more likely to occur than others, and some will have a greater impact to the project if realized. Although you cannot account for every risk, a thorough risk analysis and assessment can help minimize the liabilities of the project and ensure that your projects are successful.
Refer to either Case 7.1 Alaska Fly-Fishing Expedition, 1 of these cases on which to perform a risk analysis. : PROJECT BELOW AND TEMPLATE FOR PAPER ATTACHED
Project:
You are sitting around the fire at a lodge in Dillingham, Alaska, discussing a fishing expedition you are planning with your colleagues at Great Alaska Adventures (GAA). Earlier in the day you received a fax from the president of BlueNote, Inc. The president wants to reward her top management team by taking them on an all-expense-paid fly-fishing adventure in Alaska. She would like GAA to organize and lead the expedition.
You have just finished a preliminary scope statement for the project (which follows). You are now brainstorming potential risks associated with the project.
Brainstorm potential risks associated with this project. Try to come up with at least five different risks.
Use a risk assessment form similar to Figure 7.6 to analyze identified risks.
Develop a risk response matrix similar to Figure 7.8 to outline how you would deal with each of the risks.
PROJECT SCOPE STATEMENT
PROJECT OBJECTIVE For paper
To organize and lead a five-day fly-fishing expedition down the Tikchik River system in Alaska from June 21 to 25 at a cost not to exceed $45,000.
DELIVERABLES
Provide air transportation from Dillingham, Alaska, to Base I and from Base II back to Dillingham.
Provide river transportation consisting of two eight-person drift boats with outboard motors.
Provide three meals a day for the five days spent on the river.
Provide four hours of fly-fishing instruction.
Provide overnight accommodations at the Dillingham lodge plus three four-person tents with cots, bedding, and lanterns.
Provide four experienced river guides who are also fly fishermen.
Provide fishing licenses for all guests.
MILESTONES
Contract signed January 22.
Guests arrive in Dillingham June 20.
Depart by plane to Base Camp I June 21.
Depart by plane from Base Camp II to Dillingham June 25.
TECHNICAL REQUIREMENTS
Fly-in air transportation to and from base camps.
Boat transportation within the Tikchik River system.
Digital cellular communication devices.
Camps and fishing conforming to state of Alaska requirements.
LIMITS AND EXCLUSIONS
Guests are responsible for travel arrangements to and from Dillingham, Alaska.
Guests are responsible for their own fly-fishing equipment and clothing.
Local air transportation to and from base camps will be outsourced.
Tour guides are not responsible for the number of king salmon caught by guests.
ACCEPTANCE CRITERIA
The president of BlueNote, Inc. reviews.
Summarize the project.
Discuss how the risk management process will be applied.
Identify potential risks associated with this project (you must come up with at least 5 different risks).
Use a risk assessment form to analyze identified risks.
Develop a risk response matrix to outline how you would deal with each of the risks.
In conducting the risk assessment and developing the risk response matrix, you can either develop the risk assessment form and the risk response matrix yourself, you can use the templates provided in your text, or you can use the templates that are embedded in the assignment template for this IP. Your submission should be 5 pages in length. Be sure to cite your sources using APA; include your references and in-text citations.
Use this template to complete this assignment.
Submitting your assignment in APA format means, at a minimum, you will need the following:
Title page: The title should be in all capitals.
Length: 5 pages minimum
Body: This begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple- or quadruple-space between paragraphs). The typeface should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics, except as required for APA-level headings and references. The deliverable length of the body of your paper for this assignment is 5 pages. In-body academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.
Reference page: References that align with your in-body academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hanging indent, italics, and uppercase and lowercase usage as appropriate for the type of resource used. Remember, the Reference page is not a bibliography but a further listing of the abbreviated in-body citations used in the paper. Every referenced item must have a corresponding in-body citation.
