Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kaushik and Paulo are young entrepreneurs. They have a bit of money and have decided to open a community pool facility which would have several

Kaushik and Paulo are young entrepreneurs. They have a bit of money and have decided to open a community pool facility which would have several pools. One pool would enable swimming, one pool would be for little children, one pool would be heated for other leisure activities, and there would also be a family sized Jacuzzi. They plan to build the pool facility in the car park area at south eastern end of the Pickering Town Center. This is within easy walking distance from the entrance to The Bay, and not too far from Centennial College's Pickering Learning Center and the bridge that goes across the 401 to connect with the GO buses and trains. They also recognize that the Town of Pickering's Recreation Center is nearby and that there is a pool at that facility. They also recognize that they must get approvals from both the Town of Pickering and from the owners of the Pickering Mall. They also assume that if their personal funds are not enough to complete the project that they can get additional funding from their bank. In any case they hope to have the pool facility ready by the middle of August 2020 so that they can capture a part of the recreation market during the warm summer months as this is the peak season for recreational activities. They know that they would need an aggressive construction schedule, but they are hoping for the best. Before embarking on the project however they hire you to do a risk assessment for the project. They also request that your assessment include events that could happen during the first 3 years of the pool's operation.

Develop a risk register that considers at least 12 risk events, their risk categories and what would trigger them. After doing a qualitative and quantitative assessment, determine what the top 5 risk events would be. What would be the type of responses for those top 5 events and indicate precisely what the responses would be.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Management In The Hospitality Industry

Authors: Clayton W Barrows, Tom Powers

7th Edition

9780471782766

More Books

Students also viewed these General Management questions

Question

Solve the given equation. 5x4x = 2

Answered: 1 week ago

Question

How to Calculate the Regression Line

Answered: 1 week ago

Question

Relax your shoulders

Answered: 1 week ago

Question

Keep your head straight on your shoulders

Answered: 1 week ago