PMT472L 2.3 Case Study: Alaska Fly-Fishing Expedition Studen
PMT472L 2.3 Case Study: Alaska Fly-Fishing Expedition Student Name
Use the Alaska Fly-Fishing Expedition Template attached here to complete this assignment. You have just finished a preliminary project charter for the project (which follows). You are now brainstorming potential risks associated with the project. Brainstorm potential risks associated with this project. Try to come up with at least five different risks.
Use the risk assessment form to analyze identified risks. Fill out the risk response matrix to outline how you would deal with each of the risks. Read and complete the Alaska Fly-Fishing Expedition case below.
Paper For Above instruction
The Alaska Fly-Fishing Expedition presents a complex project with multiple risks involving logistics, safety, environmental, and operational factors. Effective risk management is crucial to ensure the successful execution of this expedition and the satisfaction of clients. This paper identifies five potential risks associated with the project, assesses their likelihood and impact, and proposes appropriate risk response strategies using a risk response matrix.
Identified Risks
- Risk 1: Flight delays or cancellations affecting transportation schedule
- Risk 2: Adverse weather conditions impacting river activities and safety
- Risk 3: Equipment failure or malfunction (e.g., boats, communication devices)
- Risk 4: Guide health issues or accidents leading to project disruption
- Risk 5: Regulatory or permit violations leading to legal or operational issues
Risk Assessment and Response Strategies
| Risk Event | Likelihood (1-5) | Severity of Impact (1-5) | Detection Difficulty (1-5) | Response | Contingency Plan | Trigger | Who is Responsible |
|---|---|---|---|---|---|---|---|
| Flight delays or cancellations affecting transportation schedule | 3 | 4 | 3 | Coordinate with multiple airlines and have flexible scheduling. Arrange backup flights. | If flight delay exceeds 12 hours, reschedule transportation or extend stay at Dillingham lodge. | Notification of delay or cancellations from airline. | Logistics Coordinator |
| Adverse weather conditions impacting river activities and safety | 4 | 5 | 2 | Monitor weather forecasts closely. Have alternative activities ready. Delay or reschedule river activities if necessary. | Severe weather forecast or storms detected; suspend river trips and conduct land-based activities instead. | Weather alerts from NOAA or local weather stations. | Expedition Leader |
| Equipment failure or malfunction (boats, communication devices) | 2 | 4 | 3 | Conduct thorough equipment checks before departure. Have spare parts and backup devices on hand. | Detect malfunction early during checks or operations; replace or repair equipment immediately. | Malfunction detected during pre-departure or during operation. | Technical Support Team |
| Guide health issues or accidents leading to project disruption | 2 | 5 | 2 | Ensure guides have proper health insurance and carry first aid kits. Have backup guides available. | Guides fall ill or injured; activate backup guides or evacuate injured guides if necessary. | Medical incident reported during the expedition. | Operations Supervisor |
| Regulatory or permit violations leading to legal issues | 1 | 4 | 2 | Ensure all necessary permits are obtained prior to the expedition. Conduct compliance checks. | If violations occur, cease activities immediately and coordinate with local authorities to rectify. | Permit lapses or non-compliance detected during inspection or audit. | Regulatory Compliance Officer |
Conclusion
Risk management is essential for the successful planning and execution of the Alaska Fly-Fishing Expedition. By carefully identifying potential risks, assessing their likelihood and impact, and establishing detailed response and contingency plans, the expedition team can mitigate unforeseen issues effectively. Continuous monitoring and prompt response are vital to ensure safety, compliance, and the overall success of the project, and leveraging experienced personnel is critical in managing these risks appropriately.
References
- Hillson, D. (2009). Managing Risk in Projects. Gower Publishing, Ltd.
- PMI. (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide) — Sixth Edition. Project Management Institute.
- Kerzner, H. (2017). Project Management: A Systems Approach to Planning, Scheduling, and Controlling. John Wiley & Sons.
- ISO 31000:2018. (2018). Risk Management — Guidelines. International Organization for Standardization.
- Larson, E., & Gray, C. (2018). Project Management: The Managerial Process. McGraw-Hill Education.
- Schwalbe, K. (2018). Information Technology Project Management. Cengage Learning.
- Fleming, Q. W., & Koppelman, J. M. (2016). Earned Value Project Management. Project Management Institute.
- Chapman, C., & Ward, S. (2011). How to Manage Project Opportunity and Threat. Wiley.
- Gardiner, P. (2018). Project Risk Management: An Essential Guide. Gower Publishing.
- ISO 21500:2012. (2012). Guidance on Project Management. International Organization for Standardization.