Obvious Risks And Steps To Quantify The Risks

Risks Name Institution Date Risks Rochester Institute of Technology (RIT) founded in 1891 is involved in innovation and research in engineering and technology. The RIT concrete Canoe team designs and constructs concrete canoes to compete in the Upstate New York regional conference every year (Rochester Institute of Technology, 2017). The 2017 competition theme “Demeter” is a combination of a fun festive theme and the team's hardworking character. To construct the Demeter, The canoe team may face some risks; therefore, they need to develop innovative approaches to mitigate these risks. Obvious risks. The limited budget and lack of all the necessary materials is a major risk for the team, although the team received donations they had to purchase expensive materials required for its new canoe design (Rochester Institute of Technology, 2017). Adopting a new style of mold would mean changing the construction process to a more sustainable and reusable method, which is obviously expensive. The overall risk of the project is to develop a design that would withstand three load cases which include racing, transportation and display (Rochester Institute of Technology, 2017). Steps are taken to quantify the risks The team focused on compliance and worked within the standard rules and regulations. The personnel selected for the project was knowledgeable in their respective areas, this guaranteed the best design. To quantify the risks, the project team did an overhaul of the design structure using the Load Reduction Factor Design (LRFD) for its paddler weight (Rochester Institute of Technology, 2017). In order to account for any unforeseen risks and any load cases during paddler placement, all paddlers weighed 200 pounds and were placed at the center of two seats. The paddlers were simplified to support one foot from each end and the l...