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Project Risk Panama
Project Risk Panama
Project Risk Panama
Case Study: Anatomy Of a Failed Project: The First Panama Canal Project
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1. List all the success criteria of the project
The Panama Canal project was not an infeasible project but however it was been
completed successfully by the project team.
The Suez Canal was completed and opened successfully in 1869 which was sponsored
and led by The Great Engineer from Paris, Ferdinand de Lesseps.
The Suez project was a huge financial success.
2. Identify the stakeholders and their desired outcomes involved in the project
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Project Manager 1. To complete the project within the 1. Time completing within 12 years
(Ferdinand) budget and timeline
2.Fame for completing mega project 2. No of recognition
3. Complete the project within budget 3. Cost
4.Complete the project according to 4.No of defect
the technical specifications
5.Publicity 5. Expertise/ no of personnel combination
3
Benefits Impacts
Possibility of a - Time, Cost and Benefits Low Medium Adapt an adequate system
Worker Strike Impacts of wages:Improve the
quality of living;
Keep the workers
motivation on.
Lack of Qualified - Time, Cost, Quality and Low Medium Decent incentives system;
Workforce Benefits Impacts An appealing and strategic
communication to attract
target workers
Bankruptcy - It occurs previously with the Low Medium Create a stable relationship
French. beyond the stakeholders;
- Time, Cost, Quality and Adopt an adequate
Benefits Impacts Planning and Control.
Possibility of Chief - The project will stop if the Low Medium Decent Remuneration,
Engineer issues chief engineer is no long Rewards and Benefits
present (sick, abandon the system;
project, death) Keep the motivation high.
4. SWOT Analysis
SWOT Analysis
Economic Development
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to exchange tax infoNominal GDP to finance fiscal deficit
crisis
Inequality
Quality of education
Inflation pressures
electoral reforms
Opportunities
FDI / Capital expenditure on social projects:
5
Universal & IFARHU, Padrino Empresario
Agreements
Education:
- Curricular transformation