Case 2 – XSU Spring Concert.
Firstly, we can state that, as with most projects, there are several risks that occur when it comes to the execution of this spring concert. To make the risks more easily viewable, it is preferable to divide the risks into different sections and via that use the Risk Breakdown Structure, (RBS). (p.214) There are four general categories that the risks are divided into: Technical, External, Organizational and Project Management. These risks are divided into more specific subcategories, which all of them can make or break the project. First of all the XSU entertainment committee has to get permissions and approvals from the city and XSU to be able to go through with the concert. There will be requirements that needs following during the concert as well. Regarding the technical category, some main risks are that the electricity and the sound system will be functioning, the constructing of the stage will go as planned and that there will be enough space for restroom facilities for 10 000 visitors and parking lots for 1000 cars. The stage-building depends on capable work force with required skills. There might be security issues by the stage or in the secluded beer-garden, which might arise if it gets too crowded and that would be disastrous as Hasta Weekend has a history of fatalities. When it comes to the external risk category there are some factors that the committee really can’t affect, for example the weather can make this outdoor concert a hit or a disaster. There are a lot of sub-contractors involved, as well as vendors and artist. This demands many contracts, which can turn out wrong, and communication issues can emerge. If the committee can’t sign a big artist to this eight-hour concert, there might be a huge loss of money, as there won’t be enough visitors, and result in a bad reputation. That might also be a reaction to the event of not finding sufficient sponsors or suppliers. The risk of shortage of...
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