What are the types of risk that are inherent in long-duration projects similar to the Big Dig?
Question:
What are the types of risk that are inherent in long-duration projects similar to the Big Dig? How can these risks be mitigated at the inception of the Project? Give three examples.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Longduration projects like the Big Dig are inherently risky due to their complexity scale and extended timeline Some of the most common types of risks associated with longduration projects include Sco...View the full answer
Answered By
Bernadette Mutua
I am a proficient and creative writer. I assist in writing research and summaries in behavioral and social sciences. I write original and best-quality guaranteed blog posts and articles. I also help in computer science and information system projects and research. I guarantee punctuality on time of delivery and response.
0.00
0 Reviews
10+ Question Solved
Related Book For
Megaproject Management Lessons On Risk And Project Management From The Big Dig
ISBN: 9781118115473
1st Edition
Authors: Virginia A. Greiman
Question Posted:
Students also viewed these Business questions
-
The Heckscher-Ohlin model differs from the Ricardian model of Comparative Advantage in that the former A.has only two countries. B.has only two products. C.has two factors of production. D.has two...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
An electric field is E = 300 N/C i for x > 0 and E = 300 N/C i for x < 0. A cylinder of length 20 cm and radius 4 cm has its center at the origin and its axis along the x axis such that one end is at...
-
What are some barriers to effective delegation?
-
For the second-order bandpass filter assume the op amp is ideal (40 points) (a) Find the transfer function, Vourt (joo)/ Vin(jo) Vin R1 C1 (b) How many poles and how many zeros are in the transfer...
-
A 1-mm-thick layer of water on an electrically heated plate is maintained at a temperature of \(T_{w}=340 \mathrm{~K}\), as dry air at \(T_{\infty}=300 \mathrm{~K}\) flows over the surface of the...
-
Following are two years of income statements and balance sheets for the Munich Exports Corporation. A. Calculate the cash build, cash burn, and net cash burn or build for Munich Exports in 2010. B....
-
Pro, Inc. has just paid a dividend of $0.55 per share. The dividends are expected to grow at an annual rate of 5 percent indefinitely. What is the stock price today if the required return is 12.5...
-
How does the life cycle of a megaproject differ from that of a smaller-scale project?
-
Of the three major megaprojects to be implemented in the United States reported in the USDOTs 2010 Financial Report, which do you think has the greatest risks and why? Be sure to include a brief...
-
The rotational absorption spectrum of a molecule displays peaks about 8.9 1011 Hz. apart. Determine the moment of inertia of this molecule.
-
What are the ethical considerations surrounding the globalization of technology and intellectual property, especially regarding the digital divide and access to innovation ?
-
Anna Drew sells custom cabinets and doors. She receives a 15% commission on the doors she sells and a 7% commission for each cabinet. What would her total commission be if she sold $5,200-worth of...
-
Calculate each account balance. (Enter the balance, along with a "Bal" posting reference on the appropriate side of each T-account.) Supplies 132 Note payable 221 3/8 1,100 3/27 1,000 3/20 1,300 3/5...
-
A local pizza store knows the mean amount of time it takes them to deliver an order is 45 minutes after the order is placed. The manager has a new system for processing delivery orders, and they want...
-
coni nomin Record the following transactions in the General Fund general ledger accounts. (Analyze the effects of the transactions on all other funds and nonfund accounts.) 1. Martinsville ordered...
-
Genatron Manufacturing expects its sales to increase by 10 percent in 2015. Estimate the firms investment in accounts receivable, inventory, and accounts payable in 2015.
-
Define relevant costs and discuss: (1) whether all future costs are relevant for decision making and (2) whether variable costs are always relevant and fixed costs are always irrelevant
-
Explain the meaning of the comparative performance and comparative cost data in Exhibits 18-3 and 18-4. Why does it appear that eliminating sales areas D and E would be profit able?
-
Most sales forecasting is subject to some error (perhaps 5 to 10 percent). Should we then expect variations in sales performance of 5 to 10 percent above or below quota? If so, how should we treat...
-
Why is there controversy between the advocates of the full-cost and the contribution-margin approaches to cost analysis?
-
1. Based on Burgess and Atkins, the amount, frequency and probability of reinforcement (both positive (reward/incentive) and negative (punishment)) impacts the likelihood that an adolescent is going...
-
Igor and the others hired a law firm, called Baker, Baker, Dough, LLP to defend the lawsuit from the students at the elementary school. Their lawyer Bob Dough missed getting in the Statement of...
-
Igor decided to incorporate Sweet Buns Ltd. The three shareholders are Olga, Alexandrra and Joseph in exhange for 1000 shares each. If Sweet Buns Ltd could not repay it's bank loan of $50,000 how...
Study smarter with the SolutionInn App