Project Risk

Objective | |

The goal of the final project is to select a major project and then to create and detail a risk management plan that would support a major construction project. The final deliverable will consist of a fully formed risk management plan that would support such a construction project.

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Course Project Samples | |

Course Project Part I

Select from one of the following major projects:

1. Construction of the Empire State Building

2. Construction of Centennial Olympic Park in Atlanta

3. Construction of the Panama Canal

4. Deployment of a deep water oil rig (such as the Deepwater Horizon)

5. Assembly of the International Space Station

6. Launch of the Spirit and Opportunity Mars Rovers

7. Identification of the Human Genome Project

8. Development of the Boeing 787 Dreamliner

Create a two fault or event trees (or one of each) that would support the exploration of risk for one of the above major construction projects (See Chapter 17, pages 216-220). The fault or event tree should offer at a minimum a listing of potential risks and impacts in the event of two smaller failures. For example, a smaller failure could be the loss of water pressure or a fire in a construction project rather than examining what risk was involved with the collapse of the construction project.

Write a discussion of risks that supports the fault trees that have been created. Make a separate write up for each of these smaller risks (Review Chapter 27, pages 357-369 for risks and treatments). Your paper should have a general introduction that should introduce the two fault or event trees that will be discussed and then the paper should have a discussion regarding each fault or event tree. The discussion write up regarding the identified risks should be from 3-5 pages in length. Note that this page length is a guideline and if you find that your paper supporting the risk tree is longer, there will be no...