Sydney Opera House: Risk Management Analysis and Project Failure

This report provides a comprehensive analysis of the Sydney Opera House project, examining its failure as a case study in project management. The assignment delves into the factors that contributed to the project's disastrous outcome, including budget overruns, significant time delays, and conflicts among stakeholders. It identifies the absence of effective risk management strategies as a key contributor to these issues. The report outlines the roles and responsibilities of key stakeholders, such as the architect Jorn Utzon, engineers, and the government of New South Wales. It then explores the benefits of implementing risk management methodologies, including risk identification, analysis, and mitigation planning. A risk register is created to chart probable risks and mitigation strategies. The report includes a risk matrix to assess the severity of the risks and concludes by emphasizing the importance of proper planning and risk assessment to prevent similar project failures. The analysis highlights the importance of proper project management, including clear timelines, budget controls, and stakeholder communication, to ensure project success.