Q) You are to be a member of a Mount Everest Climbing Expedition, scheduled for
ID: 353378 • Letter: Q
Question
Q) You are to be a member of a Mount Everest Climbing Expedition, scheduled for April 2018, to be led by a Professional Mountaineering Expert. The climb from Base Camp IV (26,000 ft) to the Summit (29,035 ft) and back from the Summit to Base Camp IV is the most arduous and dangerous part of the expedition.
(a) Brainstorm potential risks associated with this expedition. Identify at least four different risks.
(b) Prepare a Risk Assessment Form to analyze the identified risks.
(c) Develop a Risk Response Matrix to outline how you would deal with each of the risks
Explanation / Answer
Potential risks associated with climbing Mount Everest expedition are as follows:
The combination of extreme weather, low temperatures and steep slopes often requires quick and accurate decisions.
Risk: Addition of unknown features, Probability of Loss: 35%, Size of Loss: 8weeks, Risk exposure: 2.8weeks
Risk: Overly optimistic schedule, Probability of Loss: 50%, Size of Loss: 5weeks, Risk exposure: 2.5weeks
Risk: Incorrect design- Redesign, Probability of Loss: 15%, Size of Loss: 15weeks, Risk exposure: 2.25weeks
Risk: New programming tools do not produce promised savings, Probability of Loss: 30%, Size of Loss: 5weeks, Risk exposure: 1.5weeks
Risk: Additional requirements, Probability of Loss: 5%, Size of Loss: 20weeks, Risk exposure: 1.0weeks
Risk: New graphic sub-system unstable, Probability of Loss: 25%, Size of Loss: 4weeks, Risk exposure: 1.0weeks
Risk: Project approval takes longer than expected, Probability of Loss: 25%, Size of Loss: 4weeks, Risk exposure: 1.0weeks
Risk: Facilities not ready, Probability of Loss: 10%, Size of Loss: 2weeks, Risk exposure: 0.2weeks
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