Bus 519 Assignment 3 Final Paper.
Project Management - BUS 519
Assignment #3
“Politics, Institutions, and Project Finance: The Dabhol Power Project”
Abstract
Dabhol Power Project is a massive combined-cycle power plant on the western coast of India 's Maharashtra state in which Enron had majority shares. The Dabhol power plant was initiated in 1992 and took nine years to commence operation. The project was planned to construct 2,184 megawatts, which Enron believed it was the largest gas-fired power plant in the world. Politics, institutions and finance led to a dispute between the Maharashtra state government and the plant owners, and the project was closed in June, 2001. In this case we will evaluate the role that these factors played in the Dabhol Power Project.
Prepare a Risk Breakdown Structure assessing the main categories of risks. Risk breakdown structure is the hierarchically organized depiction of the identified project risks arranged by risk category (PMI PMBOK). The RBS will prove extremely valuable to better grasp when a project needs to receive special scrutiny, in other words, when risk might happen. The RBS can help the project manager and the risk manager to better understand a recurring risks and concentrations of risks that could lead to issues that affect the status of the project. Following the concept of the Work breakdown Structures (WBS), the Risk Breakdown Structure provides a means for the project manager and risk manager to structure the risks being addressed or tracked. The Risk Breakdown Structure of Dabhol project produced hierarchical structure under various names to describe sources of risk, or risk categories or types. Each of these structures contains three or four hierarchical level to describe the types of risk faced by the project in question. RBS Level | Level 1 | Level 2 | Project risk | 1.Development Environment Risk | 1.1development system1.2 management methods1.3 Work Environment | | 2. Economical risk | 2.1 Contractual terms
Assignment #3
“Politics, Institutions, and Project Finance: The Dabhol Power Project”
Abstract
Dabhol Power Project is a massive combined-cycle power plant on the western coast of India 's Maharashtra state in which Enron had majority shares. The Dabhol power plant was initiated in 1992 and took nine years to commence operation. The project was planned to construct 2,184 megawatts, which Enron believed it was the largest gas-fired power plant in the world. Politics, institutions and finance led to a dispute between the Maharashtra state government and the plant owners, and the project was closed in June, 2001. In this case we will evaluate the role that these factors played in the Dabhol Power Project.
Prepare a Risk Breakdown Structure assessing the main categories of risks. Risk breakdown structure is the hierarchically organized depiction of the identified project risks arranged by risk category (PMI PMBOK). The RBS will prove extremely valuable to better grasp when a project needs to receive special scrutiny, in other words, when risk might happen. The RBS can help the project manager and the risk manager to better understand a recurring risks and concentrations of risks that could lead to issues that affect the status of the project. Following the concept of the Work breakdown Structures (WBS), the Risk Breakdown Structure provides a means for the project manager and risk manager to structure the risks being addressed or tracked. The Risk Breakdown Structure of Dabhol project produced hierarchical structure under various names to describe sources of risk, or risk categories or types. Each of these structures contains three or four hierarchical level to describe the types of risk faced by the project in question. RBS Level | Level 1 | Level 2 | Project risk | 1.Development Environment Risk | 1.1development system1.2 management methods1.3 Work Environment | | 2. Economical risk | 2.1 Contractual terms
References: Custom book (2011) BUS 519: Project Risk Management Case pack 2011.New York : John Wiley & Sons. Hillson, D and Simon .P (2007) Practical Project Risk Management: The Atom Methodology .Vienna VA management Concepts. PMI PMBOK, 3rd Edition Chapter 11 Risk Management The Enron Saga, http://www.rediff.com/money/enron1.htm