I only need for this assignment is a research proposal. I just a need written paper on what my research will be on.
Throughout this course, you will develop an understanding of the deterministic and probabilistic methods used in uncertainty management that will enable you to review a simplified straw man case study of a hypothetical project. The purpose of the case study is to:
Discuss a hypothetical carbon capture and storage (CCS) project, called Curiosity, and investigate its uncertainty exposure.
Demonstrate application of standard deterministic methodology to identify, assess, and address the project uncertainties.
Demonstrate integrated probabilistic cost and schedule risk analysis methodology to define project reserves and sensitivities.
Develop and analyze what-if scenarios used for decision making.
Come up with general recommendations and decisions that are common for a capital
project at the end of selection.
There are two parts to the Case Study Project: two PETRA figures (created in Excel and inserted into a Word document) and an essay portion. Follow the guidelines below to complete each part of your case study project.
1. Create two PETRA templates in Excel (Raydugin, 2013, pp. 145-147) and enter the causes, impacts, and addressing actions identified in Risk 1 and Risk 10 respectively into each PETRA. You will have to link the addressing actions with the causes and impacts.
2. For each cause identified, you should ensure there are preventive actions stated in the PETRA Excel template. The preventive actions should include the ones you already have from Risk 1 and Risk 10 plus at least two additional actions formulated by you for each risk. No cause should be unaddressed.
3. For each impact identified, you should ensure there are recovery actions stated in the PETRA Excel template. The recovery actions should include the ones you already have from Risk 1 and Risk 10 plus at least two additional actions formulated by you for each risk. No impact should be unaddressed.
4. Write an essay that discusses your PETRA analysis results (include your two PETRA templates in the essay) and what additional recommendations you would make if you were on the case study decision gate review board. In other words, will the additional information provided by your PETRA analyses of the two risks affect the findings and recommendations of the review board (see the section “Decision Gate Review Board Findings and Recommendations” in Raydugin, pp. 350-352)? If so, explain why. If not, explain why.
5. Be sure to cite your source(s) in the essay.
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