Alaska Fly-Fishing Expedition

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Case Study Analysis from Larson & Gray, page 237 Alaska Fly-Fishing Expedition The following risks are associated with the expedition: * Inclement weather * Government policies/state laws * Delayed permit approval * Unreliable outsourced transportation * Outboard motor failure * Delays in expedition could put the project over budget Table 1.1 - Risk Assessment Form | | | | Risk Event | Likelihood | Impact | Detection Difficulty | When | Inclement weather/Flooding or receding of river | 3 | 4 | 3 | June 20 to 25 | Government policies/ State laws | 1 | 5 | 4 | Prior to 20 June | Delayed permits/approvals | 2 | 5 | 4 | Prior to 20 June | Unreliable outsourced transportation | 2 | 4 | 2 | June 21 & 25 | Outboard motor failures | 1 | 3 | 1 | June 21 to 25 | Delays in expedition could put the project over budget | 2 | 4 | 4 | June 20 to 25 | | Scale of 1-5 where 1= least and 5= greatest. | | Analysis of risk events in the risk assessment form (Table 1.1) Inclement weather Inclement weather comes in different forms including hurricane, snow storms, thunderstorms, and excessive rain. The likelihood of inclement weather is slim, but if it occurs it could affect the outcome of the project. Flights could be delayed, rescheduled or even cancelled depending on the severity of the weather. Since the expedition is outdoors, inclement weather could force participants indoors and cause the project to be cut short or rescheduled. Government policies Sometimes the government places temporary restrictions or bans on fishing due to some unlikely factors, such as flooding or drought, to preserve the species. The likelihood of this happening is slim, but the impact if it happens would be huge on the expedition since it is the purpose of the project. Delayed permit approval States issue permits and licenses for

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