1. Financing risk – Probability that the taxpayers’ investment in the network (e.g. CRTC deferral account) will not provide the benefits expected.
Analysis: In my view, the likelihood of this risk to occur was medium to high given that one of the Nortel’s top executive had failed ten years earlier implementing a similar initiative. In addition, risk # 5 increases the probability of this scenario to occur. Likewise, the impact on the authority agency (CRTC) and the project itself would be high, as this failure coupled with the recent economic downturn would cause taxpayers’ great discontentment with the performance of the government as whole.
2. Functionality risk – Probability that the broadband network will not perform as anticipated.
Analysis: …show more content…
Stakeholder risk – Probability that the stakeholders will not collaborate with the project and research.
Analysis: Stakeholder collaboration was a key element for the success of this project, as one the goals was to engage the community in the use of the broadband technology. Furthermore, Nortel planned to use this project as a showcase and also research the impact of the high speed internet in small and remote communities, like Chapleau. Given the immediate need for this type of service by some of the key stakeholders (e.g. Hospitals and schools), I feel that the likelihood of this scenario to occur was low. Conversely, the impact would be high, as the project would not have achieved some of its important goals.
4. Market risk – Probability that the community will face another economic downturn resulting in a vast residents’ exodus.
Analysis: In a similar way to the risks #3 and #1, I feel that this occurrence would have impacted the project immensely, as it would compromise the research. Similarly, the likelihood of this event to occur was medium to high, as history teaches us that there is often a gap of seven years between economic recessions.
5. Managerial risk – Probability that once the project is terminated, the municipality will not be able to manage the network in an effective
Analysis: In my view, the likelihood of this risk to occur was medium to high given that one of the Nortel’s top executive had failed ten years earlier implementing a similar initiative. In addition, risk # 5 increases the probability of this scenario to occur. Likewise, the impact on the authority agency (CRTC) and the project itself would be high, as this failure coupled with the recent economic downturn would cause taxpayers’ great discontentment with the performance of the government as whole.
2. Functionality risk – Probability that the broadband network will not perform as anticipated.
Analysis: …show more content…
Stakeholder risk – Probability that the stakeholders will not collaborate with the project and research.
Analysis: Stakeholder collaboration was a key element for the success of this project, as one the goals was to engage the community in the use of the broadband technology. Furthermore, Nortel planned to use this project as a showcase and also research the impact of the high speed internet in small and remote communities, like Chapleau. Given the immediate need for this type of service by some of the key stakeholders (e.g. Hospitals and schools), I feel that the likelihood of this scenario to occur was low. Conversely, the impact would be high, as the project would not have achieved some of its important goals.
4. Market risk – Probability that the community will face another economic downturn resulting in a vast residents’ exodus.
Analysis: In a similar way to the risks #3 and #1, I feel that this occurrence would have impacted the project immensely, as it would compromise the research. Similarly, the likelihood of this event to occur was medium to high, as history teaches us that there is often a gap of seven years between economic recessions.
5. Managerial risk – Probability that once the project is terminated, the municipality will not be able to manage the network in an effective