Other Homework Help

Read the Case Study, ‘Alaska Fly Fishing Expedition’ :

“Alaska Fly-Fishing Expedition*

You are sitting around the fire at a lodge in Dillingham, Alaska, discussing a fishing 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 follows). You are now brainstorming potential risks associated with the project.

List all the likely risks that this project faces. Make the list as comprehensive as possible. List at least 10 risks.

Assess the probability of each risk occurring and assign it a rating. Use a scale of 1 to 10. A score of 1 is very unlikely to occur and a score of 10 is very likely to occur.

Estimate the impact on the project if each risk occurs. Do this for each and every risk on your list. Using the 1- 10 scale, assign 1 for little impact and 10 for extremely high impact to the project.

Map out the ratings on the Risk/Impact Probability chart. This 2 x 2 form is provided and versions can be found online (Links to an external site.) as it is a common assessment tool.

Develop a response to each risk, according to its position on the chart. Those items located on the lower left of the chart can probably be ignored, while those in the upper right need to be immediately addressed. Detail the responses to each identified risk as part of this assignment.