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Identify the risk, the impact, expected outcome

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The course is Corporate Risk management.

1) I have to make a risk register but I only need help with the risk description: the expected outcome, and mitigation for the risk listed at the project level.

Scenario:

Mr. Pender is particularly interest in using the Amalgamated Power Company contract as the project level, since all SBUs of the company are involved and the contract worth $158,750,000.00 is by far the largest contract Justine and Early have ever entered into.

At the project level Justine and Early is most concerned with the following risks:

Site License issues
Work permits issues
Environmental impact
Training of project workers
Infrastructure issues
Project HQ work areas
Vendor and supplier issues
Telecom issues
Coordination with Corporate and SBU
Workers Compensation costs and losses
Work Force Limitations
EPA/OSHA regulatory issues

The company is divided into three strategic Business Units

Road and Bridge
Power Plants

Each of these will be working on the Amalgamated Power Company project contract.

2) I just need help with the identification of the risk; the expected outcome ; and the mitigation at the Project Level. At the project level the project managers at Justine and Early are most concerned with the following risks:

Personnel
Licenses
Permits
Environmental impact
Fines
Work delays

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Solution Summary

Mr. Pender is particularly interest in using the Amalgamated Power Company contract as the project level, since all SBUs of the company are involved and the contract worth $158,750,000.00 is by far the largest contract Justine and Early have ever entered into.

At the project level Justine and Early is most concerned with the following risks:

Site License issues
Work permits issues
Environmental impact
Training of project workers
Infrastructure issues
Project HQ work areas
Vendor and supplier issues
Telecom issues
Coordination with Corporate and SBU
Workers Compensation costs and losses
Work Force Limitations
EPA/OSHA regulatory issues

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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