Perspective of project risk assessment


Assignment:

In brief summarize the 12 case studies attached. From the perspective of project risk assessment, present and discuss your opinion on why they occurred.

Disaster

Year

Root Cause(s)

Avoidance Strategy

USS Princeton Explosion

1844

Failure to adhere to design standards

Strict adherence to design reviews

Sinking of the Titanic

1912

Carelessness due to sense of invulnerability ("unsinkable")

Strictly enforced safety precautions and monitoring of danger signs

Airgill Train Wreck

1913

Failure to have adequate staffing due to cost-cutting measures

Regulations requiring adequate staffing

Johnstown Flood

1889

Social arrogance, lack of concern for safety of those considered of an inferior class

External regulation, strictly and evenly-enforced

DC-10 Crash

1974

Lax safety standards and failure to ground defective aircraft

Enforcement of standards, avoidance of risky deployment of equipment

Tenerife Runway Collision

1977

Stress and fatigue resulting in fatal miscommunication

Formalized programs to counteract stress, fatigue, and burnout. Limitation of overtime for all workers

Santa Barbara Oil Spill

1967

Indifference to public safety in the interest of higher profits

Externally-initiated inspections

Love Canal Toxic Waste Contamination

1953

Lack in understanding dangers and attempts to cover up hazards to limit corporate liability

Public awareness programs and environmental regulation

Apollo 1 Fire

1967

Faulty wiring and failure to observe proper spacecraft pressurization requirements

Frequent inspections

Three Mile Island

1979

Human error and complexity of the plant

Comprehensive training programs and simulations

Challenger Disaster

1986

Poor risk management and precautionary measures

Solid risk management initiatives

Bhopal Poison Gas Release

1984

Intentional cost-cutting of safety measures justified by sense that endangered population was inferior

International standards for safety and uniformly enforced inspections

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Strategic Management: Perspective of project risk assessment
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