The Right Way to Identify and Assess Risks. Hydroelectric Development vs. Irrigation Scheme

There can be no project without taking risks. Each idea presupposes dealing with certain difficulties, and implementing these ideas is doubtlessly a challenge.Advertising We will write a custom case study sample on The Right Way to Identify and Assess Risks. Hydroelectric Development vs. Irrigation Scheme specifically for you for only $16.05 $11/page Learn More Despite the fact that both Hydroelectric Development and Irrigation Scheme offer a fair assessment of the possible risks and provide a detailed account of the challenges that one can face in the course of putting these projects to practice, one of the two projects is definitely superior, which calls for conducting comparison between the two case studies. To start with, each of the projects identifies the risks which can be faced rather accurately. It is essential that each of them offers a table in which every possible risky occasion is considered. However, it seems that the Irrigation Scheme offe rs a better identification of risks, since it not only provides a detailed account of every risk involved, but also splits the risks into categories according to their types and, thus, provides a better estimation of the threats which the project can possibly face. The same can be said about the way the case studies quantify the risks. One must give credit to both case studies, since they offer a detailed description of the risks assessment and provide the risks percentage. Nevertheless, it is worth mentioning that the Hydroelectric Development project offers the percentage of all possible costs in the summary of the hydro cost estimate, which makes it more comprehensible than the Irrigation Scheme. However, speaking of which case study is easier to understand, one has to admit that in the given case, numbers and rates are enough only to give the general idea of the situation which the authors of the projects face. For a better understanding of the situation specifics, hoverer, a mo re explicit description of the factors, the risks and the circumstances is required, which the Irrigation Scheme project provides in a much better way.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In addition, it is worth mentioning that a good assessment presupposes considering the costs which the project can possibly spend. While Hydroelectric Development suggests only the table of the probable risks, Irrigation Scheme offers the information concerning the financial resources which the project will probably need. Such data as â€Å"Expected cost $20 million, standard deviation $3 million† is essential to fully realize the scale of risks. Finally, speaking of the risk assessment, one must mention that the Hydroelectric Development takes the winning position again, because it takes into account not only the inside factors, but also the outside ones, such as weather conditions . In contrast to Hydroelectric Development, Irrigation Scheme provides only the information concerning the risks which come from within the project. Therefore, it can be considered that the Hydroelectric Development project is by far more compelling and offers much better analysis of the risk factors. In addition, the assessment offered by the above-mentioned project covers not only the major issues, but also the details, which altogether makes it much more plausible than the alternative. Once all the probable risks are properly evaluated, a project can be considered a success, which, as one can assume, is the case with the Hydroelectric Development. Although it is not clear yet which of the projects will prove more efficient, and the opinion in the given paper is based solely on the facts offered by the case studies, it can still be assumed that the Hydroelectric Development project is bound to take the first prize in the contest for a better risk evaluation. This case study on The Right Way to Identify and Assess Risks. Hydroelectric Development vs. Irrigation Scheme was written and submitted by user John Ellis to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

How My Local Library Helped Me Get from Jobless and Broke to Six Figures a Year

How My Local Library Helped Me Get from Jobless and Broke to Six Figures a Year In 2008 I had the world I had a good job I loved. I earned a pretty good salary, and was constantly praised What is that old saying about pride going before the fall? Yep, thats exactly what happened. Through no fault of my own, the company I worked for as a high-end retail sales manager went bankrupt. We received no advance notice that they were closing our store. On a Thursday in late June of 2008, it was business as usual. Friday shut down. That was the same year the economy crashed in the United States, creating a perfect storm of financial fear and self-doubt in my life. I sold my car and most of my possessions, so I would have some cash to fall back on in case I didnt find another job right away. To bolster my income as I continued to look for work, I decided to learn about this whole making money online thing. Since I could not even afford a monthly Internet bill, I walked to and from the near I stumbled across a few Internet marketing forums, where I sold articles for as little as $5 or $10. After just over a year of cranking out low-paying work seven days a week, my financial situation slowly began to improve. I persisted. I took online courses and writing classes. That persistence paid off. One of my clients told me I should become a copywriter because my writing converted so well for him. I thanked him, hung up the phone and immediately grabbed my Websters Dictionary. I had no clue what a copywriter was! Almost instantly, I began writing copy instead of content. I realized that copywriting was where I needed to be, and where my natural inclinations and talents belonged. I began offering copywriting services to my clients and cut back on writing content. Fast forward eight long years, and I am on pace to flirt with a six-figure income this year. Whats the take-away from this story? Dont give up when things get tough. Always keep your Big Why in the front of your mind. Ask yourself why you want to earn a living as a writer. Be brutally honest with your answer. Keep asking yourself why, over and over, until you get to the basic motivating factor that drives your writing desires. Was it fun for me, walking in the rain, the cold and the heat, seven days a week to my local library to frequently sit next to some less than desirable people while I taught myself how to make a good living writing online? Of course it wasnt. But it was necessary. Do whatever is necessary to live your dream life. Its not really as hard as you may think. It may take time. It is certainly going to take effort. But the personal empowerment and freedom that the freelance writing lifestyle delivers is worth any cost as long as your Why? is big enough.