Proj595 Project: Application of Risk to a Major Project

Course Project Part IThese are the project topic options. I would LIKE the subject to be #8….but if you are more comfortable with any of the other topics I have no problem switching. 

1. Construction of the tallest building in Dubai, the Burj Khalifa
2. Construction of Centennial Olympic Park in Atlanta
3. Construction of the New Orleans levee improvements after hurricane Katrina
4. Deployment of the Keystone Pipeline System
5. Development of the Space X Falcon 9 rocket used to supply the International Space Station
6. Launch of the Curiosity Rover on Mars
7. Identification of the Human Genome Project
8. Development of the Boeing 787 Dreamliner

Create two fault or event trees (or one of each) that would support the exploration of risk for one of the above major construction projects  The fault or event tree should offer at a minimum a listing of potential risks and impacts in the event of two smaller failures.  For example, a smaller failure could be the loss of water pressure or a fire in a construction project rather than examining what risk was involved with the collapse of the construction project.   Write a discussion of risks that supports the fault trees that have been created.  Make a separate write up for each of these smaller risks (Review Chapter 27, pages 357-369 for risks and treatments).  Your paper should have a general introduction that should introduce the two fault or event trees that will be discussed and then the paper should have a discussion regarding each fault or event tree. The discussion write up regarding the identified risks should be from 3-5 pages in length.  Note that this page length is a guideline and if you find that your paper supporting the risk tree is longer, there will be no penalty as the final assignment will need to be from 15-20 pages in length.Sample outline of typical course project paper part I

2. Title Page
4. Introduction
5. Fault Tree One
6. Discussion of Fault Tree One
7. Fault Tree Two
8. Discussion of Fault Tree Two
9. Conclusions
11. Works cited

////////////////////////////////////////////////////////////////

Course Project Part IIBuilding upon the first part of the course project, consider that you are an appointed contractor to construct your chosen project.  At this time, you will need to address and explain the following:1.  Identify sources of risk, including any issues that may impede or impair the completion of the project 

2.  Given the sources of risk in the point above, offer details regarding the systems that the contractor should have in place in order to avoid the identified risks 

3.  Create a fault tree that will discuss the risks associated with the catastrophic failure of the project (either during construction or after completion). Create a write up for this type of failure and address how these risks can be avoided, mitigated or otherwise reduced. 

The paper could also include any other risk worksheets, tables, charts or diagrams that would support any of these concepts or ideas.  Do not limit yourself to just what is in the text or course as there is a wealth of information regarding risk and risk treatment available in the library.Sample outline of typical course project paper part II

Title Page
1. Table of Contents

Introduction

2. Sources of construction project riskTimelineCostsDisruptionsForce majeure
3. Systems to address construction project riskTechnologyPeoplePlanning
4. Catastrophic failure fault tree
5. Discussion of fault treeReduce risksMitigate risksAvoid risks
6. Course Project Part I (blend in the smaller risks after the catastrophic risk, except conclusion)
7. Risk tables, charts, sheets
8. Conclusions (blend in conclusions from course project part I)

Works cited

General Guidelines:

•  The final major assignment will be 15-20 pages long, including the original 3-5 pages and is due by the end of Week Six.
• Papers must be in 12 point font, double-spaced, include a cover page, table of contents, introduction, body of the report, summary or conclusion and works cited.
• Even though this is not a scientific-type writing assignment, and is mostly creative in nature, references are still very important.  At least 6 authoritative, outside references are required (anonymous authors or web pages are not acceptable). These should be listed on the last page titled “Works Cited”.
• Appropriate citations are required.