Panama Canal

A Tale of Two Projects: The bluejacket Canal and the give birth of Project and Risk Management Tom Kendrick, PMP, Program Manager San Carlos, CA TKendrick@FailureProofProjects.com Abstract The construction of the Panama Canal nearly 100 old age ago was the most risky, high-tech throw up of its day. Much of the plan required was developed for the project. The construction was breathtakingly expensiveâ€"until the late twentieth century the Panama Canal represented the single largest project investment in modern times. Stretching over some(prenominal) decades and requiring a series of project leaders, the construction exertion and early(a) contemporary projects represented the birth of modern project concern. The Panama Canal story is particularly interesting for project managers because it is rattling the story of two attempts at the same project. The first effort to build the Canal, by Ferdinand de Lesseps in the 1880s, was a project calamity of epic proportions. The disastrous outcome was due to a number of factors, but lack of good project and risk focus were front and center. The second project in the early 1900s, aforethought(ip) and led by John Stevens and George Goethals, succeeded largely because of the rigorous and discipline application of good project practices, especially risk management.

actual for this presentation is based in part on circumscribe from Identifying and Managing Project Risk (Tom Kendrick, AMACOM, 2003), where the Panama Canal projects are use to show the value and durability of project risk management principles. The ideas that ultimately made the Canal possibleâ€"what pull ined and what didnt workâ€"are ideas that are very much alive and valid today. The first Panama Canal project Although there was dead reckoning much earlier, the first serious consideration of a groove in Central America was in the mid-1800s. Estimates were that such a canal would provide $48 million a year in shipping savings, and might be built for slight than $100 million. Further study of a canal... If you want to position a full essay, order it on our website: Orderessay

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