The assignments in this course are a series of papers based on the same case, which is on XanEdu page under the Course Information module. The assignments depend on one another. Review the assigned case study and complete this assignment.
Write a 4-6 page paper in which you:
- Analyze how the critical success factors (CSFs) apply to the facts of the case study. Provide examples to support your analysis.
- Determine the project benefits, organizational readiness, and risk culture of the company in the case study. Provide justification for your response.
- Develop at least three project risk recommendations based on your analysis.
- Identify the initial categories of risk (RBS Levels 1 and 2) that you see as being present in the case study using the Example Risk Checklist (Figure A-2, in Practical Project Risk Management).
- Use at least three quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources.
This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is:
- Assess the critical success factors (CSFs), project benefits, organizational readiness, and risk culture of a company to inform the development of project risk recommendations.
Environmental Quality International in Siwa
BUS 519: Project Risk Management
ASE STUD in Siwa
The Siwa Oasis agricultural program is a distinctly different project, as it attempts novel irrigation methods with ambitious goals. The further we examine the project advantages, organizational preparedness, risk culture, and the core of CSFs, the more obvious it is that this endeavor is built on a sophisticated methodology. However, the nature of considerations that surround this arrangement; from technological complexities to environmental sensitivities demands an in-depth analysis of the project landscape. Through the analysis of these elements, we can develop strategic insights and recommendations on managing likely challenges that may undermine project success.
Examine how the case study’s facts relate to the critical success factors (CSFs). Give instances that back up your conclusions.
Organizational goals cannot be achieved without certain conditions being met, known as critical success factors. In the case of EQI and its activities in Siwa Oasis, numerous CSFs emerge. Community engagement is one of the crucial CSFs. The success of EQIs in Siwa is manifested through the policy process, which embraces local customs and engages residents actively with various decision-making activities. As an example, the collaboration between EQI and local craftsmen to revive ancient construction methods for Adrère Amellal Oasis depicts community involvement. Second, another CSF is sustainable development practices. This component is grounded on the EQI’s commitment to embrace environmentally green projects that maintain Siwa culture and, at the same time stimulate growth. For example, the promotion of organic farming not only benefits local economies but also natural resource conservation. Third, there is need for adaptation and innovation. This is further illustrated in EQI’s incorporation of local cultures as they seek to innovate new ideas like Siwa Creations, which has women become strong from their embroidery skills. In addition, stakeholder management is a key to EQI’s success. Therefore, the balancing act of interests between the central government, local tribes, and foreign investors is necessary for sustaining activities in Siwa.
Determine the project benefits, organizational readiness, and risk culture of the company in the case study. Justify your response.
Project Benefits
The EQI project in Siwa Oasis generates several tangible and intangible benefits. The concretes are the economic growth that results from such programs as organic agriculture and tourism- the Siwa Creations program teaches local women embroidering skills, and work and preserves traditional crafts. The reconstruction of Adrère Amellal Oasis not only saves the cultural heritage but also creates tourism that stimulates the economy. Intangible benefits are equally significant. In pursuing environmental sustainability, EQI maintains ecological balance in the region (Purvis et al., 2019). In addition, the promotion of traditional building practices ensures that Siwa remains true to their cultural heritage. These features can be linked to the EQI mission which strives to promote a community-based sustainable development that accounts for local values.
Organizational Readiness
The adaptive capacity and cultural sensitivity of EQI reflects organizational readiness. The firm demonstrates a desire to embrace local practices as evidenced by the collaboration with the local artisans and the Siwa Creations initiative. Moreover, EQI’s ability to navigate the complex stakeholder environment, for instance, officials of government authorities, local tribes, and international investors, presents organizational adaptability to various challenges. However, EQI should always assess its readiness and strive to enhance it. This implies monitoring the socio-political climate and making timely changes to strategies to maintain success in the unique situation of Siwa Oasis.
Risk Culture
The risk culture of EQI is balanced. EQI also realizes the importance of traditions in the process of novel projects. However, the fact that the company could be able to invest in projects that would not yield immediate returns, such as the Shiwa Creations initiative, shows a risk-oriented culture that aims at long-term sustainable outcomes. However, the EQI needs to be cautious in its approach since there are potential socio-political risks in the region and make necessary changes in strategy.
Based on your findings, create at least three recommendations for mitigating project risk.
Comprehensive Risk Assessment
Considering the specific socio-political and environmental conditions of Siwa Oasis, EQI should conduct a holistic and ongoing risk analysis. These include risks associated with local traditions, government policies, and shifts in weather patterns (Rached et al., 2020). These long-term interactions with the members of the community and the stakeholders can show the changing characteristics. With the knowledge of the intricate quilt that is Siwan society, EQI will be able to address issues that will come up and ensure that its projects are in line with what the society wants.
Robust Contingency Planning
EQI should formulate informed contingency plans for risks that are likely to come up during the assessment. The other options include finding alternative contingency plans for project execution and strong financial models that can withstand the test of time during unforeseen scenarios. For instance, in case of changes in government policies or socio-political unrest with contingencies for adjusting project timelines or strategies, such negative effects will be reduced. The financial buffers that will be created through this project can ensure its resiliency by absorbing unforeseen costs.
Strengthening Local Partnerships
To enhance risk mitigation, EQI should create and strengthen relationships with local communities, tribal leaders, and government entities. Shared decision-making and open communication channels may also build trust between the parties and detect problems early enough (Zhang & Adegbola, 2022). Local stakeholders’ participation in project planning and implementation process makes EQI’s initiatives a true reflection of Siwan community culture and social and economic needs. In addition, local partnerships can be a crucial support system in challenging times, providing knowledge and guidance through difficult issues.
Identify the initial categories of risk (RBS Levels 1 and 2) that you see as being present in the case study using the Example Risk Checklist (Figure A-2, in Practical Project Risk Management)
Project-Specific Risks (RBS Level 1)
Technical Risks: Various technical uncertainties exist due to the innovative irrigation methods. One of the unexpected problems that may arise from the adoption of advanced agricultural technologies is the failure of the system or the inefficient use of resources (National Research Council, 2010).
Cost Risks: Financial constraints and unexpected expenses may undermine the viability of the project. Considerations that have to be made include high cost of adoption of the technology, unforeseen logistic challenges, as well as variations in resource prices.
Schedule Risks: The peculiarity of the oasis environment may lead to some slowdowns. The project schedule can be affected by unforeseen environmental challenges, logistics, or coordination problems with the local communities.
Environmental Risks (RBS Level 2)
Climate Risks: The project is also susceptible to environmental hazards due to its location in Siwa Oasis. Climatic change that occurred unexpectedly, water scarcity due to drought and extreme weather conditions could ultimately impact project success.
Ecological Impact Risks: Other local effects may emerge as a result of new farming techniques. Taking soil quality risks, water table changes and effects fauna and flora local into consideration such issues need to be investigated in details.
Organizational Risks (RBS Level 2)
Resource Risks: The other challenge, is poor resource allocation both in the human capital and technological infrastructure systems. Poor skills or outdated technology can in turn delay the project.
Stakeholder Risks: Different stakeholders, including local communities, government bodies, and foreign collaborators pose risks that are linked to divergent interests and expectations. Alignment and engagement are critical for project success (Missonier & Loufrani-Fedida, 2014).
External Risks (RBS Level 2)
Regulatory Risks: Following the local and international laws is important. Some of the uncertainties affecting project operations include changes in government policies or permitting requirements, and legal structures.
Cultural Risks: Siwa Oasis is culturally distinct. The risks associated with cultural differences, acceptance of the community, and social dynamics have to be considered carefully in order not only to keep resistance low but aid project integration.
Conclusion
The Siwa Oasis agricultural program should be evaluated using success factors, readiness of organizations, and risk management activities. The implementation of modern technologies in farming demands a closer look at its benefits and challenges. By noting that the PESTLE analysis of the environmental setting for this proposed project is unique and by identifying risks in advance, stakeholders can train to meet opportunities and opposition. Finally, this innovative agricultural initiative requires a comprehensive approach to project management for its long-term well-being.
Sources
Missonier, S., & Loufrani-Fedida, S. (2014). Stakeholder analysis and engagement in projects: From stakeholder relational perspective to stakeholder relational ontology. International journal of project management, 32(7), 1108-1122.
National Research Council. (2010). Toward sustainable agricultural systems in the 21st century. National Academies Press.
Purvis, B., Mao, Y., & Robinson, D. (2019). Three pillars of sustainability: in search of conceptual origins. Sustainability science, 14, 681-695.
Rached, E. F., Sayed, K. M., & Elhamy, M. A. (2020). The Environmental Sustainability in Tourist Establishments in Siwa Oasis. Umm Al-Qura University Journal of Engineering & Architecture, 11(1).
Zhang, W., & Adegbola, O. (2022). Emotional intelligence and public relations: An empirical review. Public Relations Review, 48(3), 102199.
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