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Content type
User Generated
Subject
Management
School
Saudi electronic university
Type
Homework
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Planning and leading a fly-fishing expedition for five days at the Tikchik River system in
Alaska in itself a project that is threatened by several significant yet manageable risks. First,
comparing the number of activities, equipment and supplies that have to be paid for against the
$45,000 budget provided, it is easy for the project expenses to exceed the predetermined budget.
From the outsourced air transport, to the boat transport arrangements to training fees and guide
fees, to the luxury accommodation costs and providing three meals a day things could easily go
over budget if strict measures are not set in place to avert the risk. Also beyond what is listed so
far in the project management plan, the team could run into other costs they did not think they
would have to incur such as unprecedented permit fees for activities.
Secondly, there is risk that delays. Delays could be caused by the weather or by traffic or
by other events running late. Thirdly, even with training on fishing and sailing a boat, accidents
could still happen. Boats could capsize or be washed back or deep into the river by large waves.
Worst case scenario, people could be injured. Fourth, although accidents may be prevented, loss
of radio contact could happen if the teams went deep into the river systems. The team may be
unable to communicate with the control or help desk back at the lodge. Lastly, there could be a
chance that some of the equipment provided fail or some boats do not meet safety standards. The
team should know how to prepare for such risks and plan on how these risks could be averted.
Risk Assessment
Potential Risk
Chances
Impact
Detection
Difficulty
Possible Time to
Occur
1. Exceed the budget
5
5
1
Throughout the trip
2. Delays
4
4
2
Throughout the trip
3. Accidents
3
5
1
In the Planes or on the
boats
4. Communication
difficulty
3
4
3
In the river
5. Faulty equipment or
boats
2
5
4
In the river
Key: (Weight of Scales)
1. Very low
2. Low
3. Medium
4. High
5. Very High
3.
Risk Response
Potential Risk
Event
Risk
Response
(RR)
CP Trigger
Person
Responsible
for RR

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Planning and leading a fly-fishing expedition for five days at the Tikchik River system in Alaska in itself a project that is threatened by several significant yet manageable risks. First, comparing the number of activities, equipment and supplies that have to be paid for against the $45,000 budget provided, it is easy for the project expenses to exceed the predetermined budget. From the outsourced air transport, to the boat transport arrangements to training fees and guide fees, to the luxury accommodation costs and providing three meals a day things could easily go over budget if strict meas ...
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