Read the article Managing Risk: An integrated Approach. Consider the importance of proactive risk management and...
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Read the article "Managing Risk: An integrated Approach". Consider the importance of proactive risk management and how these guidelines could have been implemented in the Tacoma Narrows construction project. (Case Study 11.3, pg 450-452) a. Assume that the project management team for the Tacoma Narrows conducted a risk management assessment of the construction project prior to starting construction. In your opinion: i. What would they have identified as the 3 most significant risks? ii. For each risk what probability, impact and expected value would they have assigned? (Provide a brief explanation to justify your assumptions) (6 marks) b. Having the benefit of hindsight, conduct a risk management assessment for the project and: i. What should they have identified as the most significant risk? ii. What probability, impact and expected value should they have assigned to this risk? (Provide a brief explanation to justify your assumptions) (3 marks) Read the article "Managing Risk: An integrated Approach". Consider the importance of proactive risk management and how these guidelines could have been implemented in the Tacoma Narrows construction project. (Case Study 11.3, pg 450-452) a. Assume that the project management team for the Tacoma Narrows conducted a risk management assessment of the construction project prior to starting construction. In your opinion: i. What would they have identified as the 3 most significant risks? ii. For each risk what probability, impact and expected value would they have assigned? (Provide a brief explanation to justify your assumptions) (6 marks) b. Having the benefit of hindsight, conduct a risk management assessment for the project and: i. What should they have identified as the most significant risk? ii. What probability, impact and expected value should they have assigned to this risk? (Provide a brief explanation to justify your assumptions) (3 marks)
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Answer rating: 100% (QA)
a i What would they have identified as the 3 most significant risks ANS WER The three most significant risks that the project management team would have identified are the risks related to the design ... View the full answer
Related Book For
Applied Physics
ISBN: 978-0132109277
10th Edition
Authors: Dale ewen, Neill schurter, P. erik gundersen
Posted Date:
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