Risk Factor Analysis and Environmental Sustainability Essay

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Updated: Nov 9th, 2023

Introduction

Project managers are responsible for creating a project while keeping in mind all its different parts and goals. The process of carrying out risk management planning, identification, analysis, reaction planning, planning, monitoring, and controlling risk on a project is referred to as risk management. The case study described in the Alaska Fly-Fishing Expedition is a prime example of a scenario in which a project manager should design a systematic risk management strategy (Alaska Fly Fishing Expedition Case Study, n.d.). The strategy would secure the safety of all participants during the execution of the project. This project was evaluated using a methodical process that included listing ten potential dangers, followed by a risk assessment matrix and an explanation of how the dangers would be managed.

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Risks the Project Faces

  1. Supply Shortage
  2. Mechanical Issues
  3. Fuel Shortage
  4. Bodily Harm
  5. Illness
  6. Inclement Weather
  7. Animal attacks
  8. Delays
  9. Poor staffing
  10. Chances of losing direction

Probability of Each Risks Occurring

Risk EventLikelihood
Supply shortage3
Mechanical issues4
Fuel shortage2
Bodily harm5
Illness1
Inclement weather6
Animal attacks5
Delays2
Poor staffing3
Chances of losing direction6

A Detailed Response to Each Risk

Risk eventResponseContingency planTrigerWho is responsible
Supply shortageEnsure there is enoughCall for additional suppliesWhen the remaining cannot last for an hourTeam members
Mechanical issuesMitigate: Make sure the boats are fine (choose a reliable rental company)Call for help. Continue the trip when the boat is mended, if possibleThe boat cannot be repairedThe head of the group
Fuel shortageMitigate, have a backup fuel. Ensure fuel calculation are correctFind a safe place to land and set up a campContinuing would cause a stall and crashThe head of the group
Bodily harmConduct first aidCall for medical assistanceThe condition of the victim worsens
Inclement weatherretainPut off the expeditionThe weather sets in for more than a weekThe developer of the expedition
Animal attacksFirst aid kit to nurse the woundGet professional help immediatelyVictim not getting betterAll members
DelaysMitigate: Introduce fines for delays, or notify everyone that the group may leave without those who are lateIf the delay is not crucial, it is possible to wait. If the delay is significant – leave without the one who is lateThe delay is significantThe head of the group
IllnessReduceProper medical checkups. Ensure availability of first aid kit and medical personnelSymptoms of poor healthAll members
Poor staffingReduceUse different guideAfter one hourThe head of the group
Chances of getting lostMitigate: Choose reliable guides and ask about the route at the beginning of the trip (Larson, & Gray, 2018)Contact the other groupThe group cannot come to the arranged place to meet the other groupThe guide and the head of the group

Probability of Occurence

Environmental Sustainability

The ability of a project to protect and improve the environment is what is meant by environmental sustainability. It involves lowering levels of pollution and waste, safeguarding natural resources, and cutting the amount of greenhouse gas emissions the project generates and gets emitted to the atmosphere. A project can potentially have several different positive effects on the surrounding environment. One example of the possible goals of a project is to reduce the emission of greenhouse gases, save biodiversity, or maximize energy efficiency. Solar panel installation on rooftops is another illustration of this trend. Solar panels are a clean and renewable source of energy that can contribute to a reduction in dependency on fossil fuels (Herr, Blum, Himes-Cornell, & Sutton-Grier, 2019). Installers and maintenance personnel for solar panels are given employment opportunities. In addition, installing solar panels in a home or company can assist in lowering the monthly cost of the electricity used.

Creating a greenway is yet another example of a project that can potentially have a beneficial effect. Greenways are contiguous stretches of conserved property open to the public for hiking, biking, and other forms of recreational activities. Greenways can provide chances for activities such as walking, biking, and seeing wildlife (Herr, Blum, Himes-Cornell, & Sutton-Grier, 2019). Another positive effect is that Greenways result in the creation of jobs in the building and maintenance industries. People’s mental and physical health can benefit from using greenways.

A project may have unfavorable repercussions for the natural world, such as when it leads to the destruction of forests in a particular region or the contamination of a body of water. A dam is being built from the ground up, therefore, people who reside in areas where dams are being constructed may be forced to relocate because of the dam’s construction (Herr, Blum, Himes-Cornell, & Sutton-Grier, 2019). Dams can alter the normal flow of water in rivers and streams. In addition, dams can potentially obstruct the migration of fish and other types of aquatic species. Building roadways can result in increased levels of both noise and air pollution. The elimination of natural habitats is another potential consequence of the construction of highways. In addition, highways are known to be the source of traffic congestion that may result to accidents.

The use of fossil fuels, such as gasoline and diesel, is the source of the construction industry’s most significant contribution to environmental damage. Carbon dioxide, methane, and other waste products are emitted into the atmosphere during every construction project. These emissions cause air pollution and are thought to contribute to the phenomenon of global warming. The construction industry is responsible for the consumption of a significant number of natural resources and the generation of a significant amount of pollution due to energy consumption during the extraction and transportation of raw materials. This pollution is hazardous to the health of both human beings and animals.

Before beginning a project, it is necessary to analyze the environmental effects it is likely to have to lessen the damaging consequences and increase the positive impacts to the greatest extent possible. It is important to think about its potential effects on the environment, which may include the following: Emissions of greenhouse gases can lead to climate change, which in turn has a range of negative effects on the environment, including more extreme weather events, rising sea levels, and the loss of habitat for a variety of species.

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The loss of biodiversity can have various unfavorable environmental effects, including the cessation of certain ecosystem services like pollination and water filtration. Another factor that must be taken into consideration is the quality of the water. If the water is of low quality, this can result in various unfavorable consequences, such as the proliferation of disease, the extinction of aquatic life, and the contamination of drinking water (Herr, Blum, Himes-Cornell, & Sutton-Grier, 2019). Poor soil quality can result in various unfavorable effects, such as a decline in agricultural output, a loss of biodiversity, and soil erosion.

References

Alaska Fly Fishing Expedition Case Study [Word] (n.d.)

Herr, D., Blum, J., Himes-Cornell, A., & Sutton-Grier, A. (2019). Journal of Environmental Management, 235, 463-479. Web.

Larson, E. W., & Gray, C. F. (2018). Project management: The managerial process. Boston: McGraw-Hill/Irwin.

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IvyPanda. (2023) 'Risk Factor Analysis and Environmental Sustainability'. 9 November.

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IvyPanda. 2023. "Risk Factor Analysis and Environmental Sustainability." November 9, 2023. https://ivypanda.com/essays/risk-factor-analysis-and-environmental-sustainability/.

1. IvyPanda. "Risk Factor Analysis and Environmental Sustainability." November 9, 2023. https://ivypanda.com/essays/risk-factor-analysis-and-environmental-sustainability/.


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