Risk

Detailed planning and managing attempt is atomic number 53 the keys to a self-made advise. The navy man groove Project started off as a fill out failure due the lack of planning and consideration of risk by Ferdinand De Lesseps. De Lesseps ignored the subject experts of the day and continued to become forward even though he had no technical expertise. oer confident, egotistical and ignorant of the facts needed to successfully construct one of the greatest undertakings in the history of mankind, the Panama Canal. The man had never even seen the tropical region of Panama when he authorise the escort to go forward. Interviews of the workers and gathering of data was completely ignored by De Lesseps. The practices consider standard in todays project management professional. He started the project although there was an estimated financial dearth to successfully complete the project. Ferdinand De Lesseps attempt at constructing the Panama Canal Project was a financial mess as cost eventually reached six times the amount of money initially raised. The open conclusion of the fault tree, is that planning and risk management mustiness always be consider when taking on both project let alone the Panama Canal.

Reducing Risk Reduction of Risks could cod occurred if Ferdinand de Lesseps had invested his time in proper planning of the construction of the Panama Canal. Ferdinand de Lesseps ignored engineer expertise, was over confident, had no technical expertise, never saw Panama and paid no attention to costs or details. jakes Stevens the second American Project Manager was the complete resistance of Ferdinand de Lesseps. John Stevens paid attention to every detail by listening and managing the project scope. Planning became an obsession. Stevens was one of the best engineers in the United States at the time. Reduction of risk occurred because of John Stevens approached the project with intelligence and a concentration... If you want to get a full essay, cast it on our website: Ordercustompaper.com

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