Identify 10 major risks in the project, and provide TWO mitigation measures for each risk. 

 

Background (for Questions 1-5) A proposal based on cost-benefit analysis has been made to retrofit an old hospital in a medium-sized town in a developing country. The basic data are provided below. Retrofit period: 1 year Discount rate: 4% Costs: Retrofit Budget: Preliminaries Roof Windows Doors Useful life of facility: 10 years after retrofit Corporate tax: Exempted Mechanical, Electrical, and Plumbing Interior furnishings Wall, floor & ceiling finishes External works Interest during retrofit Fees and permits Organization overhead, etc Total retrofit cost Funding: Equity Debt (@5% interest over 10 years) $(000) 400 1,200 600 300 4,500 400 1,200 400 500 300 200 10,000 3,000 7,000 Operations and maintenance: $400,000 for first year, and rising by 2% each year. Impact on surrounding environment: Minimal Benefits: A survey shows an average willingness to pay (WTP) of $10 per visit for improved facilities (e.g. beds, indoor air quality, etc) over the next 10 years. This amount is purely for improved facilities and excludes doctor fees, meals, etc. Energy savings of $10,000 per year over the next 10 years. Water savings by harvesting rainwater, at $5,000 per year over the next 10 years. Transport savings by not having to travel to another town for medical treatment. The generalized travel cost is $20 per round trip, and it is estimated that 2,000 patients will make the trip each year if the hospital is not upgraded. .../3