Project Management Case Study 3

Topics: Risk, Project management, Risk assessment Pages: 2 (408 words) Published: March 7, 2015

Case Study 3
It was agreed upon by a board of top engineers that the basic design was sound and the suspension bridge had been constructed competently. The project’s original plan and scope management may have been an appropriate one if it was for a shorter bridge. Since this bridge was so long The planners started taking unknown and unnecessary risks when they determined the width of the bridge would be single lane versus double and when they changed the girders from round to flat, preventing the wind to pass thru the bridge properly. When the location was chosen, certain factors were not considered. Much was not known in that location about the effects of dynamic loads on structures, the wind tunnel factor, and length versus the width. Qualitative Risk Assessment:

Poor Planning – The lack of planing could result in engineering complications and unforeseen difficulties. Unanticipated technological defects could cause design issues while the project build is under way.

Equipment & Training - The equipment purchased or training provided may not be sufficient and may need to be supplemented with further training and more/newer equipment.

Budget - The budget could be cut due to government funding cuts or company drawbacks.

Team Members - A key team member could be moved or lost due to requirements elsewhere in the company or injury.

Suppliers - There may be delays from suppliers, or suppliers may be unable to fulfill contracts or obligations.
Risk Factor
Consequence
Likelihood
Impact Potential
A. Poor Planning
High
Medium
Serious
B. Equipment &Training
Medium
Low
Minor
C. Budget
Medium
Low
Minor
D. Team Members
High
Low
Moderate
E. Suppliers
High
Low
Moderate

Likelihood
Consequence
Low Medium High

Low
Medium
High

B, C
D, E

A

3.
Accept risk – This project will be reassigned to...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Essay on Project Management Case Study 5
  • Case Study for project management- chapter1-3 Essay
  • Contemporary Management Unit 3 Case study Essay
  • Case Study 3 Essay
  • Project Firecracker Case Study Essay
  • Essay about Strategic Management Case Study
  • case study management Essay
  • Case Study- Project Management Essay

Become a StudyMode Member

Sign Up - It's Free