Question: 2. Review the risk analysis example in table W27.2 and the vacation project plan in table W27.3. For each documented contingency, use table W27.4 to

2. Review the risk analysis example in table

2. Review the risk analysis example in table W27.2 and the vacation project plan in table W27.3. For each documented contingency, use table W27.4 to translate the text description into specific project plan changes for work, duration, and cost. Contingency Table W27.2. Example of risk analysis Risk Description Probability Impact Factor Risk Factor Factor Range is 1-10 (Probability x Impact) Low=1 Low=1 Medium=3 High=10 High-5 Forget to pack an 5 3 15 item Traffic congestion on 1 10 10 the way to the airport Prepare a packing list Check road construction hotline and radio traffic reports; allow extra travel time Plan some indoor activities Purchase additional baggage insurance 3 8 24 1 10 10 Rain during the vacation Luggage doesn't make it to the destination Hurricane strikes the resort 5 10 50 Purchase trip cancellation insurance Work Duration Cost Table W27.3. Vacation project plan ID Task Name 1 Decide where to go 2 Determine travel budget 3 Search web 4 hrs 6 hrs 2 days 3 days 3 AHIMA PRESS 12 hrs 2 hrs 2 hrs 8 days 1 day 1 day 2 days 9 1 day 1 hr 2 hrs 2 hrs 1 hr 1 day $600.000 $800.000 $300.00 1 day 4 Get and read travel books from the library 5 Call travel agent 6 Decide when to go 7 Finalize plan 8 Ask for time off Make plane reservations 10 Make hotel reservations 11 Make car reservations 12 Prepare for trip 13 Get passports 14 Get immunizations 15 Stop mail and paper 16 Ask neighbor to watch house 17 Plan activities 18 Get camera supplies (batteries, memory card) 19 Go on trip 20 Pack 21 Alert credit card company of possible charges 22 Give itinerary to neighbors, parents 23 Drive to airport $120.000 $30.00 3 hrs 2 hrs 1 hr 1 hr 2 hrs 1 hr 90 days 1 day 1 day 1 day 2 days $800.00 1 day 3 hrs 1 hr 1 hr 1 hr 1 2 days 1 day 1 day 1 hr Work Duration Cost Table W27.4. Project plan changes for contingency Contingency Task Prepare a packing list Check traffic reports, allow extra time Plan some indoor activities Purchase additional baggage insurance Purchase trip cancellation insurance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

The company is Coca-Cola and the products are sugar-free and plant base You are excited to see the possibilities after finishing the Business Model Canvas Template. The next step is the development...

CIS 620/B Project Plan For the Global Collaboration Enterprise Information System 1200 12th Avenue, Suite 1200 Seattle, Washington 98114 U.S.A. November 11, 2015 Draft Version 19.0 November 11, 2015...

Meeting Minutes Location : zoom Meetings Date: 21/06/2024 Time: 12: 30 -1:30 PM Facilitator: Jennifer Osuji Agenda items- 1. Review of assignments and tasks 2. Compiling of data Resource Allocation...

Case Study You should read this case study carefully, then, refer back to it frequently while preparing your answers to each question. You are part of a small team developing mobile phone...

pLEASE po pa help! Reflection po about dto sa mga Framework for Project Management 4. Framework for Project Management Many different professions contribute to the theory and practice of project...

I need some help with both Case 1 and Case 2 of this assignment. See attached document for full assignment. Here is an excerpt from each. Case 1: Purchase Point Media Corporation (PPMC) Media...

CO6 - Create a comprehensive project plan that includes monitoring and controlling process groups, sustainability in project management, ethical considerations, and technology application. Project...

OPERATIONS MANAGEMENT ASSIGNMENT 6 1 Human resources, project management and operations management are all equally vital to a business's success. Each of these focuses on different areas of the...

WINTER 2010 V O L . 5 1 N O. 2 Steven A. Melnyk, Edward W. Davis, Robert E. Spekman and Joseph Sandor Outcome-Driven Supply Chains REPRINT NUMBER 51221 S U P P L Y C H A I N : M A N A G I N G F O R M...

Choose from the following : 6 C, 8 O, 10 Ne, 11 Na, 14 Si (i) Elements that should be in the same period. (ii) Elements that should be in the same group. State reason for your selection in each case.

Simmons finds a stone in his pasture that he believes to be quartz. Jenson, who also believes that the stone is quartz, contracts to purchase it for $10. Just before delivery, the stone is discovered...

14. It is not the case that Custer was killed by the Indians unless both Nixon resigned the presidency and Edison invented the telephone. Write the following compound statements in symbolic form,...

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...