Identify and briefly discuss at least three (3) risks that may be associated with this project. Kennedy/Brydon Interchange Project The Kennedy/Brydon Interchange has two lanes of traffic coming in from all four directions. For this project the requirement is to: - Create three lanes of traffic coming into the intersection from all four directions - Add center lanes in all four directions coming into the intersection - The new three lanes and center lanes must start a half mile from the intersection in all four directions - The new traffic pattern must blend with existing lane patterns that go into the intersection, from half a mile, in all four directions - The new traffic light signals at the interchange must be synchronized with the next three traffic light signals coming into the interchange, from half a mile, in all four directions

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter5: Network Models
Section5.5: Shortest Path Models
Problem 30P
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Identify and briefly discuss at least three (3) risks that may be associated with this project.

Kennedy/Brydon Interchange Project

The Kennedy/Brydon Interchange has two lanes of traffic coming in from all four directions. For this project the requirement is to:
- Create three lanes of traffic coming into the intersection from all four directions
- Add center lanes in all four directions coming into the intersection
- The new three lanes and center lanes must start a half mile from the intersection in all four directions
- The new traffic pattern must blend with existing lane patterns that go into the intersection, from half a mile, in all four directions
- The new traffic light signals at the interchange must be synchronized with the next three traffic light signals coming into the interchange, from half a mile, in all four directions

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Risks are unavoidable as they arise out of future uncertainties. However, they can be minimised upto some extent if an individual is quite careful. 

Any type of project that is an infrastructure project will be subjected to different types of risks such as financial, safety, operational, legal risks etc. 

 

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