You are sitting around the fire at a lodge in Dillingham, Alaska, discussing a fish- ing...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You are sitting around the fire at a lodge in Dillingham, Alaska, discussing a fish- ing expedition you are planning with your colleagues at Great Alaska Adventures (GAA). Earlier in the day you received a fax from the president of BlueNote, Inc. The president wants to reward her top management team 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 (which fol- lows). 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 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. PROJECT SCOPE STATEMENT PROJECT OBJECTIVE 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 $45,000. DELIVERABLES • Provide air transportation from Dillingham, Alaska, to Base I and from Base II back to Dillingham. • Provide river transportation consisting of two eight-person drift boats with out- board 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-person tents with cots, bedding, and lanterns. • Provide four experienced river guides who are also fly fishermen. • Provide fishing licenses for all guests. MILESTONES 1. Contract signed January 22. 2. Guests arrive in Dillingham June 20. 3. Depart by plane to Base Camp I June 21. 4. Depart by plane from Base Camp II to Dillingham June 25. TECHNICAL REQUIREMENTS 1. Fly-in air transportation to and from base camps. 2. Boat transportation within the Tikchik River system. 3. Digital cellular communication devices. 4. Camps and fishing conforming to state of Alaska requirements. LIMITS AND EXCLUSIONS 1. Guests are responsible for travel arrangements to and from Dillingham, Alaska. 2. Guests are responsible for their own fly-fishing equipment and clothing. 3. Local air transportation to and from base camps will be outsourced. 4. Tour guides are not responsible for the number of king salmon caught by guests. ACCEPTANCE CRITERIA The president of BlueNote, Inc. reviews. · Answer the following questions with 500 Words. Assignment Question: 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 You are sitting around the fire at a lodge in Dillingham, Alaska, discussing a fish- ing expedition you are planning with your colleagues at Great Alaska Adventures (GAA). Earlier in the day you received a fax from the president of BlueNote, Inc. The president wants to reward her top management team 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 (which fol- lows). 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 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. PROJECT SCOPE STATEMENT PROJECT OBJECTIVE 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 $45,000. DELIVERABLES • Provide air transportation from Dillingham, Alaska, to Base I and from Base II back to Dillingham. • Provide river transportation consisting of two eight-person drift boats with out- board 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-person tents with cots, bedding, and lanterns. • Provide four experienced river guides who are also fly fishermen. • Provide fishing licenses for all guests. MILESTONES 1. Contract signed January 22. 2. Guests arrive in Dillingham June 20. 3. Depart by plane to Base Camp I June 21. 4. Depart by plane from Base Camp II to Dillingham June 25. TECHNICAL REQUIREMENTS 1. Fly-in air transportation to and from base camps. 2. Boat transportation within the Tikchik River system. 3. Digital cellular communication devices. 4. Camps and fishing conforming to state of Alaska requirements. LIMITS AND EXCLUSIONS 1. Guests are responsible for travel arrangements to and from Dillingham, Alaska. 2. Guests are responsible for their own fly-fishing equipment and clothing. 3. Local air transportation to and from base camps will be outsourced. 4. Tour guides are not responsible for the number of king salmon caught by guests. ACCEPTANCE CRITERIA The president of BlueNote, Inc. reviews. · Answer the following questions with 500 Words. Assignment Question: 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
Expert Answer:
Answer rating: 100% (QA)
There were two significant hazards involved Force Majeure and participant injury Risk of Force Maje... View the full answer
Posted Date:
Students also viewed these marketing questions
-
How would you organize a project to develop a complex new product such as a new color faxcopy machine? How would you organize if the product was simpler, such as a new disk drive?
-
You have just been notified via fax that the lead time for component G of product A (problem 14.15 and figure 14.16) has been increased to 4 weeks. (a) Which items have changed and why? (b) What are...
-
You have just finished reading and discussing 4 different definitions of religion (Otto, Marx, Freud and Tillich). Now, it is time to stop and give those definitions some thought and analysis in...
-
2. LIMIT COMPARISON TEST: SPECIAL CASES The Limit Comparison Test is most often used when the limit L= lim ak lies in the interval (0, oo). In the case where L is zero or infinity, we can still...
-
List the factors that the auditor should address when defining the population in attributes sampling.
-
Explain what is meant by lapping and discuss how the auditor can un cover it. Under what circumstances should the auditor make a special effort to uncover lapping?
-
Quick Copies Company is a small printing and copying firm with three high-speed offset printing presses, five copiers (two color and three black and white), one collator, one cutting and folding...
-
Green rented an apartment from Stockton Realty. The three-story building had a washroom and clothesline on the roof for use by the tenants. The clothesline ran very near the skylight, and there was...
-
The Harris Group purchased a patent for $5,600,000 in 20X1 and estimated a useful life of 5 years. Legal fees and other costs associated with patent registration totaled $50,000. In 20X2, the company...
-
The Walton Toy Company manufactures a line of dolls and a sewing kit. Demand for the company's products is increasing, and management requests assistance from you in determining an economical sales...
-
Housing NSW Housing NSW is an agency of the Department of Family and Community Services that is responsible for the provision and management of public housing services with the aim to prevent...
-
Thornton Corporation's balance sheet indicates that the company has $660,000 invested in operating assets. During Year 2, Thornton earned operating income of $87,120 on $1,320,000 of sales. Required...
-
Net Realizable Value Method, Decision to Sell at Split-off or Process Further Pacheco, Inc., produces two products, overs and unders, in a single process. The joint costs of this process were...
-
Compare and contrast UAS communication systems in terms of appropriate application, efficacy and reliability.How do you decide which is most appropriate for your application?
-
The maturity value of a savings account that belonged to Peach Company was $41,888.50. The interest charged for the first 5 years was 3% compounded semi-annually, and 4% compounded quarterly for the...
-
Samson Company Case Sampson Company uses a job order cost system with overhead applied to products based on direct labor hours. Based on previous history, the company estimated its total overhead for...
-
S. Victorino Inc. Income Statement For years ended December 31, 2017 and 2018 S. Victorino Inc. Comparative Balance Sheets December 31, 2018 and 2017 2018 2017 Change 2018 Sales (all on credit) Cost...
-
U.S. households have become smaller over the years. The following table from the 2010 GSS contains information on the number of people currently aged 18 years or older living in a respondent's...
-
Copy, the verbal portion of advertising, is used to move readers through a persuasive sequence called AIDA: attention, interest, desire, and action. To achieve this, some copywriters have adopted...
-
How does a direct access file processing system edit individual transactions? a. takes place in a separate computer run b. takes place on-line mode as transactions are entered c. takes place during a...
-
Which of the following is an example of an input control? a. making sure that output is distributed to the proper people b. monitoring the work of programmers c. collecting accurate statistics of...
Study smarter with the SolutionInn App