Subject: Project Management Process
The journal indicated below describes a national project. Based on the journal, and on your team’s understanding of the project, answer the questions below:
DOI: 10.1061/(ASCE)CF.1943-5509.0000332
Journal title: “1976 Montreal Olympics: Case Study of Project Management Failure”
Please answer all question.
Refer the attached article and use outside resources also.
- What was the alternative approach for the project (i.e. if the stadium had not been built, what else could have been done to ensure the Olympics still occurred)?
- Based on (1) above, was building the stadium at this location and at this time the best approach to have been chosen? Provide rationale using PV, NPV, IRR, B/C. [1 page]
- Using the risk sources, describe three major (broad) categories of risks in the project.
- Using a table, list at least ten individual risks ranked by severity, and also link each of them to one of the categories in (3) above [1 page]
- For each risk in (4) above, describe at least one thing that was done, or could have been done to mitigate that risk.
4 full Page required.