Question

Scenario analysis is the most commonly used technique for analysing risk. By citing a project that you are familiar with, undertake risk assessment of at least 10 identified risks using the table provided by Larson and Gray (2017).

Answer 1

ALREADY SOLVED!

The risks involved in making plam jumierah is following

« There is always a risk involved in big projects and it always has a positive or an negative impact on the project
objective.

« The team should just evaluate the scale of crisis then organize a team according to it and establish a crisis
management plan and implement it.

« The crisis was faced on every level from Dubai governmentto all the corporations and the investors.

« They were facing a huge debt in figure of billions by the corporation which further resulted in:

« Alarge number of employees lost their jobs.

« Due to crisis the foreign investors stopped to invest.

« There were various factors behind it.

« The government is not that functional and is just influenced by big corporate groups.

« It is also not earning that much money from oil resources as they are depleting rapidly. So, it is relying upon tourism.

« The real life threats faced during the process of construction were: