As the project manager, discuss the risk management process you think might have identified the danger in using a cheap computer system Discuss the type of risk analysis approach you think would have been most appropriate in this situatio

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Project Risk Analysis

Sydney, Australia’s M5 East Tunnel was constructed under strict budgetary and schedule requirements, but given the massive traffic delays now hampering commuters, the requirements may have been excessive.

Due to an inexpensive computer system with a high failure rate, the tunnel’s security cameras frequently fail, requiring the operators to close the tunnel due to inability to react to an accident, fire, or excessive pollution inside the tunnel.

The tunnel was built to handle 70,000 vehicles a day, but it now carries 100,000, so any glitch can cause immediate traffic snarls.  A managerial risk analysis, including the risk of overuse, might have anticipated these problems and mandated a more reliable set of computers once the costs of failure had been included.

Required:

  1. As the project manager, discuss the risk management process you think might have identified the danger in using a cheap computer system
  2. Discuss the type of risk analysis approach you think would have been most appropriate in this situation
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