Discuss the below:
Create a 250-300 words, APA format
Return to the troubled project you identified in the file.Provide a brief description of the project Both internal and external environmental factors contribute to project risk.
1. Identify at least three risks of each kind for the project you selected. Quantify these risks in terms of likelihood of occurrence and potential effect on the project.
2. Devise mitigation strategies for each.
What were they trying to achieve?
In 1991, DIA attempted to remodel and upgrade the arduous, time-consuming luggage check-in and transfer system. The idea involved bar-coded tags being fixed to each piece of luggage that went through ‘Destination Coded Vehicles'. This would fully automate all baggage transfers, integrate all three terminals, and reduce aircraft turn-around time significantly.
Why did they fail?
The main cause of failure was the scope creep of quality and cost schedule. When the company DIA was contracted to help in BAE's project, they failed to meet the time schedule of the company. They instead stuck to their schedule of two years. The management took unnecessary risked because the project was underscored yet the management took unnecessary risks. Another item in their agenda which the company ignored: the company ignored the airline's planning sessions and omitted the airline as a stakeholder. The project, as a result, featured oversized sports/ski equipment luggage and separate maintenance track and another track was not designed at all. The large part of the system was not done and had to be redone. This made the airport to be delayed by 16 months and has had a loss of $2 billion were incurred as a result. The project was later scrapped.
Lesson learned in the project is stakeholder engagement in project management. From the project management principles, the two companies failed to communicate to one another during the project until it was too late. Communication is one of the pillars in for project success. Another mistake which DIA committed was failing to plan and consult regularly.