You are sitting around the fire at a lodge in Dillingham, Alaska, discussing a fishing expedition you are planning with your colleagues at Great Alaska Adventures (GAA). Earlier in the day you received a fax from the chairman of MSOE’s Rader School of Business. She wants to reward her top faculty members by taking them on an all expense paid fly-fishing adventure in Alaska. She would like GAA to organize and lead the expedition.
You have just finished a preliminary scope statement for the project (see below). You are now brainstorming potential risks associated with the project.
1. Brainstorm potential risks associated with this project. Try to come up with at least five different risks. 2. Use a risk assessment matrix to analyze risks.
3. Develop a risk response matrix to outline how you would deal with each of the risks.
Project Scope Statement
To organize and lead a five-day fly-fishing expedition down the Tikchik River system in Alaska from June 21 to 25 at a cost not to exceed $18,000.
Provide air transportation from Dillingham, Alaska to Camp I and from Camp II back to Dillingham. Provide river transportation consisting of two 8-man drift boats with outboard motors. Provide three meals a day for the five days spent on the river. Provide four hours of fly-fishing instruction.
Provide overnight accommodations at the Dillingham lodge plus three, four-man tents with cots, bedding and lanterns. Provide four experienced river guides who are also fly fisherman. Provide fishing license for all guests.
Contract signed January 31.
Guests arrive in Dillingham June 30.
Depart by plane to Base Camp I June 21
Depart by plane to Base Camp II to Dillingham June 25.
Fly in air transportation to and from base camps.
Boat transportation within the Tikchik River system.
Digital cellular communication...