Alaska fly fishing expedition case study

Please read the Case-7.1 “Alaska Fly-Fishing Expedition.” Answer the questions asked in case study as deliverables where you should consider the milestones and technical requirements. Also refer to the figures from textbook mentioned in the case study. Answers to the deliverables should be within 500 Words limit.Final PDF to printer Chapter 7 Managing Risk 241 Case 7.1 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 allexpense-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. 1. Brainstorm potential risks associated with this project. Try to come up with at least five different risks. 2. Use a risk assessment form similar to Figure 7.6 to analyze identified risks. 3. Develop a risk response matrix similar to Figure 7.8 to outline how you would deal with each of the risks. PROJECT SCOPE STATEMENT PROJECT OBJECTIVE To organize and lead a five-day fly-fishing expedition down the Tikchik River system in Alaska from June 21 to 25 at a cost not to exceed $45,000. DELIVERABLES ∙ Provide air transportation from Dillingham, Alaska, to Base I and from Base II back to Dillingham. ∙ Provide river transportation consisting of two eight-person drift boats with outboard motors. ∙ Provide three meals a day for the five days spent on the river. ∙ Provide four hours of fly-fishing instruction. ∙ Provide overnight accommodations at the Dillingham lodge plus three four-person tents with cots, bedding, and lanterns. ∙ Provide four experienced river guides who are also fly fishermen. ∙ Provide fishing licenses for all guests. MILESTONES 1. 2. 3. 4. Contract signed January 22. Guests arrive in Dillingham June 20. Depart by plane to Base Camp I June 21. Depart by plane from Base Camp II to Dillingham June 25. *This case was prepared with the assistance of Stuart Morigeau. lar38865_ch07_212-257.indd 241 08/05/19 06:00 PM Final PDF to printer 242 Chapter 7 Managing Risk TECHNICAL REQUIREMENTS 1. 2. 3. 4. Fly-in air transportation to and from base camps. Boat transportation within the Tikchik River system. Digital cellular communication devices. Camps and fishing conforming to state of Alaska requirements. LIMITS AND EXCLUSIONS 1. 2. 3. 4. Guests are responsible for travel arrangements to and from Dillingham, Alaska. Guests are responsible for their own fly-fishing equipment and clothing. Local air transportation to and from base camps will be outsourced. Tour guides are not responsible for the number of king salmon caught by guests. ACCEPTANCE CRITERIA The president of BlueNote, Inc. reviews. Case 7.2 Silver Fiddle Construction You are the president of Silver Fiddle Construction (SFC), which specializes in building high-quality, customized homes in the Grand Junction, Colorado, area. You have just been hired by the Czopeks to build their dream home. You operate as a general contractor and employ only a part-time bookkeeper. You subcontract work to local trade professionals. Housing construction in Grand Junction is booming. You are tentatively scheduled to complete 11 houses this year. You have promised the Czopeks that the final costs will range from $450,000 to $500,000 and that it will take five months to complete the house once groundbreaking has begun. The Czopeks are willing to have the project delayed in order to save costs. You have just finished a preliminary scope statement for the project (which follows). You are now brainstorming potential risks associated with the project. 1. Identify potential risks associated with this project. Try to come up with at least five different risks. 2. Use a risk assessment form similar to Figure 7.6 to analyze identified risks. 3. Develop a risk response matrix similar to Figure 7.8 to outline how you would deal with each of the risks. PROJECT SCOPE STATEMENT PROJECT OBJECTIVE To construct a high-quality, custom home within five months at a cost not to exceed $500,000. DELIVERABLES ∙ A 2,500-square-foot, 2½-bath, 3-bedroom, finished home. ∙ A finished garage, insulated and sheetrocked. lar38865_ch07_212-257.indd 242 08/05/19 06:00 PM College of Administrative and Financial Sciences Assignment 2 Project Management (MGT323) Deadline:12 /11/2020 @ 23:59 Course Name: Project Management Course Code:MGT323 Student’s Name: Semester: I CRN: Student’s ID Number: Academic Year:2020-21, I Term For Instructor’s Use only Instructor’s Name: Students’ Grade: Marks Obtained/Out of 5 Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. • Assignments submitted through email will not be accepted. • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. • Students must mention question number clearly in their answer. • Late submission will NOT be accepted. • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.