Please read the Case-7.1 “Alaska Fly-Fishing Expedition.” from Chapter 7 “Managing Risk” given in your textbook – Project Management: The Managerial Process 8th edition by Larson and Gray page no: 241 also refer to specific concepts you have learned from the chapter to support your answers. Answer the questions asked in case study as deliverables where you should consider the milestones and technical requirements. Also refer to the figures from textbook mentioned in the case study. Answers to the deliverables should be within 500 Words limit.
Alaska Fly-Fishing Expedition*
You are sitting around the fire at a lodge in Dillingham, Alaska, discussing a fishing expedition you
are planning with your colleagues at Great Alaska Adventures (GAA). Earlier in the day you received
a fax from the president of BlueNote, Inc. The president wants to reward her top management team
by taking them on an all-expense-paid fly-fishing adventure in Alaska. She would like GAA to
organize and lead the expedition.
You have just finished a preliminary scope statement for the project (which follows). You are now
brainstorming potential risks associated with the project.
1. Brainstorm potential risks associated with this project. Try to come up with at least five
2. Use a risk assessment form similar to Figure 7.6 to analyze identified risks.
3. Develop a risk response matrix similar to Figure 7.8 to outline how you would deal with each
of the risks.