Proper Management, The Managerial Process Essay

Proper Management, The Managerial Process - Essay Example The major objective of this project is focused on extension of the life of the terminals through replacement of infrastructure to make it more efficient to park, to enable passengers check through security and locate their luggage. The plan comprises of new self service technologies, better stores where people can eat and shop. This will make the Airport more modern, sophisticated, and efficient and a more exciting travel destination. Currently, Terminal D can now cater for more incoming international flights due to the recent addition of three gates at the corridor connecting D and B International terminals. The ongoing renovation will also reopen the existing satellite facility at the E terminal and also build stations for the planned extension of the DART program (Dallas Area Rapid Transit). Risk Analysis is the process that characterises the likelihood, vulnerability and the extent of any risk associated with the occurrence of any natural, manmade or technical disasters as well as other emergencies addressing scenarios of concern and their probable consequences during an ongoing project (Hester, 13). Risk evaluation and analysis at the Dallas Fort Worth International Airport has been done to achieve the programs objective in the expected time, cost and safety and also observe environmental responsibility. An effective risk management process when carried out helps identify sources of risks, uncertainty and evaluating their impact and also helps to determine the most suitable management processes. The TRIP program is subject to higher risk due to the complicated features of the construction processes such as a long period of time before the program is completed, an integrated process, financial intensity and a wide organizational structure. As such, the project manager and the team undertaking of risk assessment and management is crucial to the delivery of the project’s objectives. Risks associated with the TRIP program are divided in to three major