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