Essays on Managing Risk for an Uncertain Future A Project Management Perspective Assignment

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The paper "Managing Risk for an Uncertain Future – A Project Management Perspective" is a wonderful example of an assignment on management. In every project that an organization is involved in, planning, organizing, and controlling the allocated resources are critical to the success of the project. While carrying out project management, it is vital to define the beginning of the project and create a view of the outcome of this project. The main aim of the project is the boundary between the success of the project and its failure.

A successful project is one that fulfills its purposes. Therefore, the primary challenge in a project is to achieve the aims of the project. The Heathrow Airport T5 project was a project that was initiated so as to solve some of the problems that had been faced by the air transport industry in the UK. Everything about the project was set; from the budget to the time schedule. This project was even purported to have been a megaproject that would open up a 21st-century  entry to Britain (Brady and Davis, 2010).

However, a project that was well on track to completion and was about to be opened faced multiple problems on the day that it was supposed to be opened. Various factors contributed to the failure of this mega project. This paper shall discuss the various elements that were flawed or underperformed and contributed to the failure of this project. These elements shall be discussed with respect to the business case, the requirements planning, and the project management plan. A summary of four lessons that were learned for the project shall be made in terms of recommendations.

These shall be discussed in part A of the paper. In part B, one of the areas of the problems discussed shall be extrapolated so as to find out how it applied in a different project. Part A Elements of the business case that were flawed One of the reasons for the establishment of the T5 project was to make air travel in Britain a calmer experience than it was before. The idea was to make traveling comfortable to the passengers so that they would find it easy at the airport.

This included making parking easy for them at the airport. However, the parking facilities at the airport were found to have been not ready for the staff themselves.  

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Brady, Tim and Davies, Andrew, ‘From hero to hubris – Reconsidering the project management of Heathrow’s Terminal 5,’ International Journal of Project Management, 28: 151–157, 2010.

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