Risk Management for San Diego Waterfront Project

Introduction

According to Guide (2001), risk is any uncertain event that may face a project and may positively or negatively impact the project in terms of achieving its objectives. Regardless of the type of project, it is very important for project managers to work with other stakeholders to device ways to manage the potential risks.

Don't use plagiarized sources. Get Your Custom Essay on
Risk Management for San Diego Waterfront Project
Just from $13/Page
Order Essay

This essay examines the risks that are likely to face the San Diego Waterfront Project from the comments that have been left by the stakeholders and also provides the responses to the potential risks.

Risk Management for San Diego Waterfront Project

Negative risk can either by eliminated, avoided, reduced, and the positive risk can be managed by increasing its chances of occurrence or maximizing its benefits. The Construction of the waterfront in San Diego is expected to face various risks including the cost changes.

According to the comment of one of the member of the public, the project is having high cost than the anticipated benefits of the project.