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Essay / Research Paper Abstract
This 13 page paper looks concept of project risk management theory, and the way in which project risk management may take place in order to apply the theory to an ongoing project; the London CrossRail project, to consider the way in which theory may be translated into practical consideration for a complex project. The bibliography cites 28 sources.
Page Count:
13 pages (~225 words per page)
File: TS14_TEcrossrailPM.rtf
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Unformatted sample text from the term paper:
deemed successful; to be delivered on time, to the correct specification and within budget, Kerzner (2004), concurs. However, these may be seen as extremely generalised approaches and risk assessment
for any project needs to look at elements that ay impact on the way that any of these, with larger projects posing greater potential risks as well as complexities in
their management. By considering a potential project it is possible to look at the aspects of mismanagement and how they are likely to impact on a large project, to consider
the different approaches that may be adopted and appreciate the complexities which are inherent in large projects, especially those concerning infrastructure developments in major metropolitan areas. A major project; the
CrossRail project had many elements of a complex project that would embody many risks; this was a plan, recommended by the Central London Rail Study in 1989; to build
a railway that would link the counties to the east and west of London (Ferguson, 2000). The projections that once built the railway would carry 250,000 passengers a day (Fergusson,
2000). The project would result in a rail line 165 km in length, but much of the line would utilise the existing
infrastructure a measure that would not only help to reduce costs, but would also reduce certain risks in terms of the construction of the rail, but also provide other types
of risk in terms of linkages and potential disruptions between the new and old sections. In total, only 11 km would need to be new construction, however 9 km of
this would be the construction of new twin tunnels underneath central London, with only 2 km being be less risky surface construction (Ferguson, 2000). The construction is determines also need
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