Project Risk Management Plan Assignment - University Canada West

Case Background

The Cookhouse Wind Farm project faced a critical juncture when Suzlon Energy, its equipment supplier and contractor, faced a financial crisis in 2012. This crisis threatened the viability of the project, prompting stakeholders to devise a plan to mitigate risks and ensure project success.

Risk Identification:

1. Financial Risk: Suzlon`s impending bankruptcy posed financial risks to lenders and shareholders.
2. Operational Risk: Loss of a competent contractor could jeopardize project completion and long-term sustainability.
3. Legal/Contractual Risk: Potential termination of the power purchase agreement with ESKOM due to project delays.

Key Stakeholders:

Using the Total Impact Measurement and Management (TIMM) framework, key stakeholders include:

1. Investors: Pension funds and institutional investors financing the project.
2. Local Community: Economic and social impact on the Cookhouse community.
3. ESKOM: Reliability of energy supply and contractual obligations.

Advantages and Disadvantages:

Proceeding with Suzlon:

• Advantages: Timely project completion, continuity in operations.
• Disadvantages: Financial risk, potential bankruptcy consequences.

Finding an Alternative Supplier:

• Advantages: Diversification of risk, potentially lower financial exposure.
• Disadvantages: Delay in project completion, contractual uncertainties.

Recommended Action:

AIIM should:

1. Assess the financial impact of Suzlon`s crisis.
2. Explore alternative suppliers while mitigating contractual risks.
3. Develop a contingency plan for project completion and stakeholder engagement.

Conclusion

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