Identifying and Mitigating Risks in a Large Scale Airport Renovation Project.

 

You are the project manager for the airport authority that is going through a $400 Million renovation of a busy international airport terminal. You are responsible for coordinating the terminal work, taxiway reconstruction, and construction of a new parking structure. Here are a few of the conditions that you have to consider: The terminal work can only be completed at night. There is pressure from the vendors and airlines to delay the start of the construction from 7 PM to 8 PM (given that the current work schedule is 7 PM to 6 AM, Sunday through Thursday). The architectural committee could not agree on the faade of the parking structure. As a result, it has delayed the bid of the parking structure by 2 months, thus delaying the scheduled completion of the terminal by 2 weeks. Due to an agreement with the airlines to add flights in and out of the airport, the parking structure must be completed at the same time as the terminal. So that no more than one gate is out of service at a given time, the taxiway reconstruction must also follow the terminal construction. As the gates are will be renovated, the taxiway adjacent to the gate will also be reconstructed. Given all these conditions, submit a document with answers to the following questions. What are the three major risk factors in this situation? What measures can be taken to mitigate the risks you have identified? If the available working schedule for the terminal is reduced due to the delayed bid for the parking structure, how could that effect an already awarded contract? Please save a copy of your answer so it can be referenced for future discussions.