Please Read The Case-7.1 "Alaska Fly-Fishing Expedition"
Please read the Case-7.1 “ Alaska Fly-Fishing Expedition .†from Chapter 7 “Managing Risk†given in your textbook – Project Management: The Managerial Process 8th edition by Larson and Gray page no: 241 also refer to specific concepts you have learned from the chapter to support your answers.
Answer the questions asked in case study as deliverables where you should consider the milestones and technical requirements. Also refer to the figures from textbook mentioned in the case study. Questions: 1. Identify potential risks associated with this project. Try to come up with at least five different risks. 2. Use a risk assessment form similar to Figure 7.6 to analyze identified risks. 3. Develop a risk response matrix similar to Figure 7.8 to outline how you would deal with each of the risks.
Sample Paper For Above instruction
The Alaska Fly-Fishing Expedition, as outlined in the project scope statement, presents numerous potential risks that could impact its successful execution. Identifying these risks is crucial for effective project management, especially given the unique technical and logistical requirements involved in organizing a five-day fly-fishing expedition in remote Alaskan locations. This paper discusses five significant potential risks, analyzes their severity and likelihood using a risk assessment form akin to Figure 7.6, and proposes strategy-based responses modeled after the risk response matrix similar to Figure 7.8.
Potential Risks Identification
Firstly, logistical disruptions pose a significant risk. The reliance on scheduled air transportation to Base Camps I and II, as specified in the technical requirements, could be affected by weather conditions, mechanical failures, or delays in aircraft availability. Secondly, environmental hazards such as extreme weather conditions, flooding, or wildlife encounters during the river expedition may threaten participant safety and project timelines. Thirdly, regulatory compliance issues, including obtaining proper fishing licenses and adhering to state of Alaska's environmental standards, could cause delays or legal complications. Fourthly, safety risks related to river transportation—such as boat capsizing or guide errors—could result in injuries or fatalities. Lastly, potential conflicts arising from guest expectations versus actual services or miscommunication about the scope, such as accommodations or guide arrangements, could lead to customer dissatisfaction or reputational damage.
Risk Assessment Using a Form Similar to Figure 7.6
| Risk | Likelihood | Impact | Severity (Likelihood x Impact) | Notes |
|---|---|---|---|---|
| Logistical disruptions due to weather or mechanical failure | High | High | High | Could delay or cancel key segments of the expedition, increasing costs and negatively affecting customer experience. |
| Extreme weather or environmental hazards | Moderate | High | Moderate-High | May compromise safety and disrupt activities; mitigations include weather monitoring and safety protocols. |
| Regulatory compliance issues | Low | High | Moderate | Proper planning and early application for permits can mitigate this risk. |
| River transportation safety hazards | Moderate | High | Moderate-High | Use of experienced guides, safety equipment, and contingency plans reduce risk. |
| Guest dissatisfaction due to miscommunication or service scope issues | Moderate | Moderate | Moderate | Clear communication and detailed scope documentation can mitigate this risk. |
Risk Response Strategies Using a Matrix Similar to Figure 7.8
| Risk | Response Strategy | Action/Contingency Plan | Responsible Party |
|---|---|---|---|
| Logistical disruptions | Mitigation | Arrange backup transportation options, monitor weather forecasts closely, and book flexible scheduling with providers. | Project Coordinator |
| Environmental hazards | Mitigation and Acceptance | Implement safety protocols, assign guides trained for emergency responses, and prepare evacuation plans. | Guides and Safety Officer |
| Regulatory compliance issues | Prevention | Apply for permits early, maintain communication with regulatory agencies, and ensure all licensing is up-to-date prior to departure. | Legal/Liaison Officer |
| Safety hazards during river transportation | Mitigation | Use experienced guides, conduct safety drills, and equip boats with safety gear. | Guide Team Leader |
| Guest dissatisfaction | Prevention and Response | Provide clear communication about scope, handle guest feedback promptly, and compensate if necessary. | Customer Service Manager |
In conclusion, managing risks effectively in the Alaska Fly-Fishing Expedition requires a thorough understanding of potential hazards, assessment of their likelihood and impact, and proactive planning for mitigation and contingency. Integrating risk management practices aligned with the concepts illustrated in Figures 7.6 and 7.8 enhances the likelihood of project success and ensures a rewarding experience for clients while safeguarding organizational interests.
References
- Larson, E. W., & Gray, C. F. (2018). Project Management: The Managerial Process (8th ed.). McGraw-Hill Education.
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- ISO. (2018). ISO 31000:2018, Risk Management — Guidelines. International Organization for Standardization.