Please analyze the Panama Canal Project. In your opinion what are the major risks that might have been addressed
Please analyze the Panama Canal Project. In your opinion what are the major risks that might have been addressed
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Analyzing the Panama Canal Project
Please analyze the Panama Canal Project. In your opinion what are the major risks that might have been addressed (avoided or mitigated etc.) You can limit your submission to one paragraph. (I will not grade your answer, but I would like everyone to express their opinions.)
Citicorp Center Building
Citicorp Center Building had a serious flaw when it was built. Please watch the following video: https://stream.nyu.edu/media/Citicorp+Centern_hpqcj6dc. Is this an example of poor risk management?
Train purchase in Spain
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Must post first. Here is an example of a recent disastrous project. Is this a case poor risk analysis?
https://www.bbc.com/news/world-europe-64717605 You must start a thread before you can read and reply to other threads
Using Agile to manage risks
As you review Module 6, please also think about when Agile would NOTbe a good tool or methodology. Do you think Agile could have been used in Panama Canal? Alternatively, consider a new project similar to the Panama Canal. For example, if the Nicaragua Grand Canal (https://en.wikipedia.org/wiki/Nicaragua_Canal) or the Thai Canal (https://en.wikipedia.org/wiki/Thai_Canal) were to be built, would Agile be useful?
How do we effectively manage risks?
Once a risk is identified and analyzed, we need to manage it. Let’s take the following case: Suppose your company has a data center in Florida, USA. A hurricane may hit the region where the data center is located. The probability that it hits your data center is 20% (note: the probability that it does NOTdamage the data is 80%). If it hits your data center, you will incur $1000,000 in damages. How do you manage this risk?
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