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Question:
The Big Dig has often been critiqued due to costs and challenges. To what extent do you think is it possible to identify risks associated with the project early in the project''s life span? Provide an example of effective or ineffective early risk identification.
Your original post should be 3-4 paragraphs in length. Pease support your findings using credible academic/professional sources.
Reading: . Read "7 Things That Cost Less Than The Big Dig" https://www.wbur.org/2012/07/12/7-things-that-cost-less-than-the-big-dig . Read "Road to Tragedy: A History of Big Dig Problems" https://www.boston.com/news/specials/big_dig_problems/ . Read "The Big Dig: Learning from a Mega Project" https://www.nasa.gov/offices/oce/appel/ask/issues/39/39s_big_dig.html
As a result, you are quantifying the project's risk exposure and determining what cost and schedule contingency reserves might be needed. You performed a schedule risk analysis using Monte Carlo analysis.
Determine if each of these five items present a negative risk or positive opportunity to the project.
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Simulation Methods - Describe the possible benefits to using one of the simulation methods when assessing for possible project risks.
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