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Risk Analysis Case Study (Laguardia Airport Renovation)

Risk Analysis Case Study (Laguardia Airport Renovation)

Home – LaGuardia Redevelopment (anewlga.com)
#1: WRITTEN REPORT:
10-12 pages guideline, emailed to instructor as .docx or .pdf document prior to class Monday August 14, 2023.
#2: LIVE CLASS PRESENTATION: In Class, Monday August 14, 2023 :5-10 minute live powerpoint presentation
REQUIRED INFORMATION ON SELECTED PROJECT
1.Overview of your selected project, its scope, and the intended value to the community.
2.List, or hypothesize a list, the major risks for that project
i.Include, or suggest, the associated risk triggers
ii.Describe responses that were applied, or could/should have been applied
3.Create a hypothetical risk register with plausible probability and impact scores in a relative priority among each from a project success standpoint (that is, a ranking).
4.List or postulate possible risk responses, providing a basis for the choice of each response.
5.Make a high-level quantitative estimate (ROM!) of the cost and schedule impact to address the actual impact resulting from each risk should it have turned into actual problems (maybe it did!).
Project Risk Analysis Case Study Assignment
CASE STUDY ASSIGNMENT TWO-PART SUBMISSION
#1: WRITTEN REPORT:
10-12 pages guideline, emailed
to instructor as .docx or .pdf
document prior to class
Monday August 14, 2023.
#2: LIVE CLASS PRESENTATION:
In Class, Monday August 14,
2023 : 5-10 minute live video
summary presentation with
text, graphics, photos, etc.
#1
#2
PLEASE SUBMIT BOTH ITEMS TOGETHER, SO THEY DON’T BECOME SEPARATED!
Sample Project Choices List
EXAMPLES OF COMPLETED PROJECTS TO CHOOSE FROM
• Bay Area Rapid Transit (BART), started September 1972
• Oracle Park, home of SF Giants (formerly AT&T Park), opened April 2000
• San Jose International Airport Terminals A and B, opened 2010
• Bay Bridge Eastern Span Replacement, opened September 2013
• Levi’s Stadium (home of SF 49er’s), opened July 2014
• Tesla Gigafactory 1, started operation July 2016
• Chase Center, home of Golden State Warriors, opened Fall 2019
EXAMPLES OF PROJECTS CURRENTLY IN PROGRESS TO CHOOSE FROM
• SFO Airport Terminal 1 Center, scheduled open 2022, but still seems to be in progress…
• Installation of freeway Express Lanes for use with FasTrak Flex® toll tag, schedule out to 2030
Bay Area Rapid Transit (BART), started September 1972
Oracle Park, home of SF Giants (formerly AT&T Park),
opened April 2000
San Jose International Airport
Terminals A and B, opened 2010
Bay Bridge Eastern Span Replacement,
opened September 2013
Levi’s Stadium (home of SF 49er’s), opened July 2014
Tesla Gigafactory 1, Reno NV, started operation July 2016
Chase Center, home of Golden State Warriors, opened Fall 2019
SFO Airport Terminal 1 Center, scheduled open 2022
(but still seems to be in progress)
Express Lanes for use with FasTrak Flex® toll tag, scheduled to 2030
REQUIRED INFORMATION ON SELECTED PROJECT
1. Overview of your selected project, its scope, and the intended
value to the community.
2. List, or hypothesize a list, the major risks for that project
i. Include, or suggest, the associated risk triggers
ii. Describe responses that were applied, or could/should have
been applied
CASE STUDY
ASSIGNMENT
3. Create a hypothetical risk register with plausible probability and
impact scores in a relative priority among each from a project
success standpoint (that is, a ranking).
4. List or postulate possible risk responses, providing a basis for the
choice of each response.
5. Make a high-level quantitative estimate (ROM!) of the cost and
schedule impact to address the actual impact resulting from
each risk should it have turned into actual problems (maybe it
did!).
NOTE: For some of the above tasks, there may not be “right or
wrong” answers, but your reasoning for such must be explained,
especially for estimates (convince reader you didn’t just pick
random numbers!)
CASE STUDY
ASSIGNMENT RULES
REFERENCES: Your
submission must include
information sources such
as references,
bibliography, citations, or
list of sources used for
project facts, and be
written in APA Style
outlined in the link on our
class eLearning page
https://ggu.libguides.co
m/apa
CASE STUDY ASSIGNMENT TWO-PART SUBMISSION
#1: WRITTEN REPORT:
10-12 pages guideline, emailed
to instructor as .docx or .pdf
document prior to class
Monday August 14, 2023.
#2: LIVE CLASS PRESENTATION:
In Class, Monday August 14,
2023 : 5-10 minute live video
summary presentation with
text, graphics, photos, etc.
#1
#2
PLEASE SUBMIT BOTH ITEMS TOGETHER, SO THEY DON’T BECOME SEPARATED!
Overview
▪ Levi’s Stadium is in Santa Clara,
California
▪ 1.85 million square foot open stadium
▪ LEED Gold certified stadium
▪ Home of the San Francisco 49ers
football team
▪ Also holds concerts and other sporting
events
▪ 165 luxury suites
▪ 9,000 club seats/70,000 capacity
▪ 27,000 square-foot living roof with solar
and 40 types of vegetation
▪ Construction Apr 2012 – Sep 2014
Risk Register
Risk Register (continued)
Risk Register Cont.
Risk Responses
RISK
ACTION
RESPONSE
Team members quitting
MITIGATE
Designate a team member to take their
place or bring in another person from
outside the team
Rise in cement costs
MITIGATE
Early procurement strategy or reserve fund
Steel Shortages
MITIGATE
Early procurement strategy
Injury or death
ACCEPT
Sometimes accidents can’t be prevented
Weather event damage
MITIGATE
Ensure protective measures
Human related risks
MITIGATE
Extra security procedures
Poor waterproofing defects
TRANSFER
Give contractor the responsibility
Significant Earthquake
ACCEPT
Only option for this risk
Heavy crane accident
ACCEPT
Unforeseen circumstance
Quantitative Risk Analysis Summary
RISK
COST IMPACT ESTIMATE
SCHEDULE IMPACT ESTIMATE
Worksite injury or death
$900,000
14 days
Structure damage due to weather
$590/sq ft
30 days
Human related risks
$16,000
7 days
Waterproofing defects
$12 sq ft
10 days
Earthquake damage
$10,000
30 days
Accidents with heavy cranes or
devices
$20,000
30 days
Faulty design/workmanship
$35,000
1 week
Steel Shortages
$750,000
16 weeks
$250/cubic yard
1 week
Rise in Cement Costs
Possible Risk Relationships and Interactions
Risk 1
Risk 2
Relationship Description
Worksite injury or death
Human related risk, accidents with cranes,
faulty design/workmanship
Contagious-Injury or death can be directly
be cause by accidents with cranes or faulty
design/workmanship
Structure damage due to weather
Waterproofing defects, worksite injury or
death
Contagious-Structure can be caused by
waterproofing defects and increase
likelihood of worksite injury
Human-related risks
Accidents with cranes or devices, worksite
injury or death
Contagious-Huma-related risks can be a
direct cause of injury or death at the
worksite
Waterproofing defects
Worksite injury or death, structure dame
due to weather
Contagious-waterproofing defects can lead
to slippery surfaces that cause falls or
damage to structure
Faulty design/workmanship
Structure damage due to weather
Contagious-Faulty workmanship can
increase the likelihood of damage due to
weather
Earthquake damage
Worksite injury or death
Earthquake alone is atomic or isolated but
it can cause worksite injury or death due to
falling debris or structure damage

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