When the project was finished

Reference no: EM131891332

Question: 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.

When the project was finished, do you think it was considered a success or a failure? Why?

Which risk management subprocess might have identified the danger in using a cheap computer system?

What type of risk analysis approach would have been most appropriate in this situation?

How does a project manager guard against the danger of short-term success but longer-term failure?

Reference no: EM131891332

Questions Cloud

Prepare in general journal format entry to record issuance : On July 1, 2016, Salem Corporation issued $3 million of 12% bonds payable. Prepare in general journal format the entry to record the issuance of the bonds.

Analyze what else is going on in the market : The SWOT technique of analysis is widely used in organizations when analyzing internally what they can do well and what they can do better.

Bargain with unions in multiple countries : What problems do you see for MNE's that must bargain with unions in multiple countries? How would you advise those problems be resolved?

Compare union relations in two major countries : Compare union relations in two major countries. How are the unions (and employers) organized?

When the project was finished : Sydney, Australia's M5 East Tunnel was constructed under strict budgetary and schedule requirements, but given the massive traffic delays now hampering commuter

Positive organizational culture in the workplace : Please describe in a short essay on how to define and lead a positive organizational culture in the workplace.

What should the journal look like : On July 1, Sterns Co. acquired patent rights for $36,000. The patent has a useful life of 6 year and a legal life of 15 year. What should the journal look like?

Determine break-even analysis : How would you determine your break-even analysis, if you decided to purchase an expensive Snow plow machine from Home Depot or Lowes.

Prepare journal entries to record the tax levy on july one : Prepare journal entries to record the tax levy on July 1, 2017 in the General Fund. Show subsidiary detail for the Revenues ledger.

User Account

All Pages