Question: identify the need to plan for the process of exploiting the positive risks (opportunities) and the minimizing the impact of the negative risks (threats) to

identify the need to plan for the process of exploiting the positive risks (opportunities) and the minimizing the impact of the negative risks (threats) to your project. Scenario: This project focuses on the design and the construction of a 100-kilowatt micro-hydropower system at the cost of $650,000. This system is expected to supply electricity to about 50 homes and two public schools, supporting small domestic uses or basic activities in the area. This project is entirely funded by the local municipal government, in collaboration with the World Bank. The project is expected to be completed in 7 months. Upon successful completion, it is expected that this project will improve the quality of life for local households, including the quality of learning in the target public schools. Apart from the need to provide power for the above-mentioned stakeholders, the implementation of this project has been supported by the presence of a permanent river, and natural water channel in the local community, including the willingness of the local government and communities to address issues arising from lack of adequate electric power. Stakeholders in the selected public schools have mentioned with a great concern that the provision of supplemental electric power could boost learning and address security issues in the local community

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!